iShares Floating Rate Bond ETF $FLOT Stock Position Lessened by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC cut its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 8.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 766,815 shares of the company’s stock after selling 72,488 shares during the quarter. iShares Floating Rate Bond ETF makes up approximately 2.3% of Verdence Capital Advisors LLC’s portfolio, making the stock its 5th largest holding. Verdence Capital Advisors LLC owned 0.44% of iShares Floating Rate Bond ETF worth $39,138,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 7.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 31,766 shares of the company’s stock worth $1,618,000 after acquiring an additional 2,182 shares during the last quarter. Royal Fund Management LLC increased its position in iShares Floating Rate Bond ETF by 506.0% during the 3rd quarter. Royal Fund Management LLC now owns 316,728 shares of the company’s stock worth $16,180,000 after purchasing an additional 264,466 shares in the last quarter. Capital Advisory Group Advisory Services LLC raised its stake in iShares Floating Rate Bond ETF by 27.3% in the 3rd quarter. Capital Advisory Group Advisory Services LLC now owns 176,076 shares of the company’s stock valued at $8,995,000 after purchasing an additional 37,783 shares during the last quarter. New Insight Wealth Advisors lifted its holdings in iShares Floating Rate Bond ETF by 7.3% in the 3rd quarter. New Insight Wealth Advisors now owns 13,670 shares of the company’s stock valued at $698,000 after purchasing an additional 933 shares in the last quarter. Finally, LJI Wealth Management LLC boosted its stake in shares of iShares Floating Rate Bond ETF by 39.3% during the 3rd quarter. LJI Wealth Management LLC now owns 506,209 shares of the company’s stock worth $25,860,000 after purchasing an additional 142,858 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.0%

Shares of BATS FLOT opened at $50.97 on Monday. iShares Floating Rate Bond ETF has a 12 month low of $49.75 and a 12 month high of $51.34. The company has a 50-day simple moving average of $50.92 and a 200-day simple moving average of $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.