Orange Investment Advisors Inc. Makes New Investment in iShares Floating Rate Bond ETF $FLOT

Orange Investment Advisors Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the third quarter, according to its most recent filing with the SEC. The fund acquired 177,284 shares of the company’s stock, valued at approximately $9,050,000. iShares Floating Rate Bond ETF accounts for approximately 1.1% of Orange Investment Advisors Inc.’s investment portfolio, making the stock its 23rd biggest holding. Orange Investment Advisors Inc. owned 0.10% of iShares Floating Rate Bond ETF as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FLOT. The Manufacturers Life Insurance Company bought a new position in iShares Floating Rate Bond ETF in the 1st quarter worth about $47,775,000. RMG Wealth Management LLC purchased a new position in iShares Floating Rate Bond ETF during the 1st quarter valued at about $30,601,000. Alpine Bank Wealth Management grew its holdings in iShares Floating Rate Bond ETF by 631.2% during the 3rd quarter. Alpine Bank Wealth Management now owns 684,450 shares of the company’s stock valued at $34,941,000 after buying an additional 590,842 shares in the last quarter. Towercrest Capital Management purchased a new position in iShares Floating Rate Bond ETF during the 3rd quarter valued at about $28,377,000. Finally, Kensington Asset Management LLC increased its position in shares of iShares Floating Rate Bond ETF by 39.9% during the first quarter. Kensington Asset Management LLC now owns 1,524,738 shares of the company’s stock valued at $77,685,000 after buying an additional 434,772 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $50.97 on Monday. The business’s 50-day moving average price is $50.97 and its 200-day moving average price is $50.96. iShares Floating Rate Bond ETF has a twelve month low of $50.67 and a twelve month high of $51.08.

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.