Glass Jacobson Investment Advisors llc Has $3.76 Million Stock Position in iShares Floating Rate Bond ETF $FLOT

Glass Jacobson Investment Advisors llc cut its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,753 shares of the company’s stock after selling 3,873 shares during the period. iShares Floating Rate Bond ETF comprises approximately 1.4% of Glass Jacobson Investment Advisors llc’s holdings, making the stock its 11th largest holding. Glass Jacobson Investment Advisors llc’s holdings in iShares Floating Rate Bond ETF were worth $3,763,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. LJI Wealth Management LLC grew its position in iShares Floating Rate Bond ETF by 3.6% during the 2nd quarter. LJI Wealth Management LLC now owns 363,351 shares of the company’s stock worth $18,538,000 after acquiring an additional 12,751 shares during the last quarter. Sharper & Granite LLC bought a new stake in iShares Floating Rate Bond ETF during the 2nd quarter worth approximately $249,000. Hoge Financial Services LLC grew its position in iShares Floating Rate Bond ETF by 4.9% during the 2nd quarter. Hoge Financial Services LLC now owns 167,485 shares of the company’s stock worth $8,569,000 after acquiring an additional 7,799 shares during the last quarter. Strategic Blueprint LLC grew its position in iShares Floating Rate Bond ETF by 147.4% during the 2nd quarter. Strategic Blueprint LLC now owns 17,484 shares of the company’s stock worth $892,000 after acquiring an additional 10,418 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in iShares Floating Rate Bond ETF by 21.7% during the 2nd quarter. D.A. Davidson & CO. now owns 70,375 shares of the company’s stock worth $3,591,000 after acquiring an additional 12,539 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.1%

Shares of FLOT opened at $51.05 on Friday. The business’s fifty day moving average price is $50.97 and its two-hundred day moving average price is $50.91. iShares Floating Rate Bond ETF has a 52 week low of $49.75 and a 52 week high of $51.34.

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.