Buska Wealth Management LLC Sells 28,075 Shares of iShares Floating Rate Bond ETF $FLOT

Buska Wealth Management LLC lowered its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 21.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 100,980 shares of the company’s stock after selling 28,075 shares during the period. iShares Floating Rate Bond ETF comprises about 1.9% of Buska Wealth Management LLC’s portfolio, making the stock its 15th largest holding. Buska Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $5,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in the company. Evolution Wealth Management Inc. purchased a new position in iShares Floating Rate Bond ETF during the first quarter worth about $25,000. Cornerstone Financial Management LLC bought a new stake in iShares Floating Rate Bond ETF in the 4th quarter worth about $30,000. Quarry LP purchased a new stake in iShares Floating Rate Bond ETF in the 4th quarter valued at about $36,000. Tucker Asset Management LLC purchased a new stake in iShares Floating Rate Bond ETF in the 4th quarter valued at about $37,000. Finally, Bayban bought a new position in shares of iShares Floating Rate Bond ETF during the 4th quarter worth approximately $37,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS FLOT opened at $50.92 on Wednesday. iShares Floating Rate Bond ETF has a twelve month low of $50.67 and a twelve month high of $51.09. The stock’s 50 day moving average price is $50.98 and its 200-day moving average price is $50.94.

About iShares Floating Rate Bond ETF

The iShares Floating Rate Bond ETF (FLOT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of USD-denominated, investment-grade floating rate notes with maturities of 0-5 years. FLOT was launched on Jun 14, 2011 and is managed by BlackRock.