KW Wealth Management LLC Makes New Investment in iShares Floating Rate Bond ETF $FLOT

KW Wealth Management LLC acquired a new position in iShares Floating Rate Bond ETF (BATS:FLOT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 83,959 shares of the company’s stock, valued at approximately $4,289,000. iShares Floating Rate Bond ETF makes up approximately 7.3% of KW Wealth Management LLC’s portfolio, making the stock its 2nd largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. grew its stake in iShares Floating Rate Bond ETF by 10.8% during the second quarter. Franklin Resources Inc. now owns 3,209,096 shares of the company’s stock worth $163,728,000 after purchasing an additional 313,769 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of iShares Floating Rate Bond ETF by 5.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,742,216 shares of the company’s stock worth $139,257,000 after buying an additional 130,241 shares in the last quarter. Glenview Trust co grew its position in shares of iShares Floating Rate Bond ETF by 5.0% during the 2nd quarter. Glenview Trust co now owns 2,655,067 shares of the company’s stock worth $135,462,000 after buying an additional 125,640 shares during the period. Royal Bank of Canada grew its position in shares of iShares Floating Rate Bond ETF by 59.0% during the 1st quarter. Royal Bank of Canada now owns 2,351,795 shares of the company’s stock worth $120,058,000 after buying an additional 872,352 shares during the period. Finally, Flputnam Investment Management Co. increased its stake in shares of iShares Floating Rate Bond ETF by 32.9% in the 3rd quarter. Flputnam Investment Management Co. now owns 1,614,802 shares of the company’s stock valued at $82,492,000 after acquiring an additional 399,436 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.3%

iShares Floating Rate Bond ETF stock opened at $50.82 on Monday. iShares Floating Rate Bond ETF has a 12-month low of $49.75 and a 12-month high of $51.34. The firm’s fifty day moving average is $50.94 and its 200 day moving average is $50.95.

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.