Parsons Capital Management Inc. RI Has $10.38 Million Stock Position in iShares Floating Rate Bond ETF $FLOT

Parsons Capital Management Inc. RI raised its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 14.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 203,199 shares of the company’s stock after acquiring an additional 25,965 shares during the quarter. Parsons Capital Management Inc. RI owned about 0.12% of iShares Floating Rate Bond ETF worth $10,380,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Bogart Wealth LLC grew its position in shares of iShares Floating Rate Bond ETF by 68.5% in the third quarter. Bogart Wealth LLC now owns 482 shares of the company’s stock valued at $25,000 after purchasing an additional 196 shares during the last quarter. SYM FINANCIAL Corp bought a new stake in iShares Floating Rate Bond ETF in the 2nd quarter valued at $37,000. TFC Financial Management Inc. acquired a new position in iShares Floating Rate Bond ETF in the 2nd quarter valued at $40,000. Wagner Wealth Management LLC bought a new position in iShares Floating Rate Bond ETF during the 2nd quarter worth $63,000. Finally, Caldwell Trust Co bought a new position in iShares Floating Rate Bond ETF during the 2nd quarter worth $64,000.

iShares Floating Rate Bond ETF Price Performance

FLOT opened at $50.97 on Tuesday. The stock has a fifty day moving average of $50.92 and a 200-day moving average of $50.95. iShares Floating Rate Bond ETF has a fifty-two week low of $49.75 and a fifty-two week high of $51.34.

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.