New Wave Wealth Advisors LLC Has $1.25 Million Stock Holdings in iShares Floating Rate Bond ETF $FLOT

New Wave Wealth Advisors LLC cut its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 5.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,541 shares of the company’s stock after selling 1,490 shares during the period. New Wave Wealth Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,252,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tompkins Financial Corp acquired a new stake in iShares Floating Rate Bond ETF in the second quarter worth $25,000. NorthRock Partners LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 269.5% during the first quarter. NorthRock Partners LLC now owns 521 shares of the company’s stock worth $27,000 after acquiring an additional 380 shares during the period. Asset Dedication LLC acquired a new stake in shares of iShares Floating Rate Bond ETF during the first quarter worth $29,000. WASHINGTON TRUST Co raised its holdings in shares of iShares Floating Rate Bond ETF by 242.6% during the first quarter. WASHINGTON TRUST Co now owns 692 shares of the company’s stock worth $35,000 after acquiring an additional 490 shares during the period. Finally, SVB Wealth LLC acquired a new stake in shares of iShares Floating Rate Bond ETF during the first quarter worth $43,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS:FLOT opened at $50.90 on Thursday. iShares Floating Rate Bond ETF has a 12 month low of $49.75 and a 12 month high of $51.34. The company’s fifty day simple moving average is $50.98 and its 200 day simple moving average is $50.89.

iShares Floating Rate Bond ETF Profile

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.