HighTower Advisors LLC Sells 21,094 Shares of iShares Floating Rate Bond ETF $FLOT

HighTower Advisors LLC decreased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 3.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 561,528 shares of the company’s stock after selling 21,094 shares during the quarter. HighTower Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $28,686,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FLOT. Bogart Wealth LLC grew its position in shares of iShares Floating Rate Bond ETF by 68.5% in the 3rd quarter. Bogart Wealth LLC now owns 482 shares of the company’s stock worth $25,000 after buying an additional 196 shares during the period. Hohimer Wealth Management LLC grew its holdings in iShares Floating Rate Bond ETF by 2.9% in the second quarter. Hohimer Wealth Management LLC now owns 9,491 shares of the company’s stock worth $484,000 after purchasing an additional 271 shares during the period. IHT Wealth Management LLC increased its stake in shares of iShares Floating Rate Bond ETF by 7.0% during the second quarter. IHT Wealth Management LLC now owns 4,638 shares of the company’s stock valued at $237,000 after purchasing an additional 302 shares in the last quarter. Optivise Advisory Services LLC increased its stake in shares of iShares Floating Rate Bond ETF by 6.8% during the second quarter. Optivise Advisory Services LLC now owns 4,891 shares of the company’s stock valued at $250,000 after purchasing an additional 311 shares in the last quarter. Finally, Crews Bank & Trust lifted its holdings in shares of iShares Floating Rate Bond ETF by 1.0% during the third quarter. Crews Bank & Trust now owns 34,627 shares of the company’s stock valued at $1,769,000 after purchasing an additional 350 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

iShares Floating Rate Bond ETF stock opened at $50.99 on Thursday. iShares Floating Rate Bond ETF has a twelve month low of $49.75 and a twelve month high of $51.34. The stock’s 50 day moving average is $50.92 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.