JT Stratford LLC Trims Position in iShares Floating Rate Bond ETF $FLOT

JT Stratford LLC lessened its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 13.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,833 shares of the company’s stock after selling 17,701 shares during the quarter. iShares Floating Rate Bond ETF makes up 0.8% of JT Stratford LLC’s portfolio, making the stock its 25th biggest position. JT Stratford LLC owned 0.06% of iShares Floating Rate Bond ETF worth $5,713,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLOT. Bogart Wealth LLC increased its position in iShares Floating Rate Bond ETF by 68.5% during the 3rd 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 period. Westfuller Advisors LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth about $28,000. Lowe Brockenbrough & Co. Inc. bought a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at about $30,000. Atlantic Union Bankshares Corp bought a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at about $41,000. Finally, GPS Wealth Strategies Group LLC increased its position in shares of iShares Floating Rate Bond ETF by 142.6% during the third quarter. GPS Wealth Strategies Group LLC now owns 1,235 shares of the company’s stock valued at $63,000 after buying an additional 726 shares during the period.

iShares Floating Rate Bond ETF Price Performance

FLOT stock opened at $50.85 on Thursday. iShares Floating Rate Bond ETF has a 1 year low of $49.75 and a 1 year high of $51.34. The firm has a 50-day moving average of $50.94 and a 200 day moving average of $50.95.

iShares Floating Rate Bond ETF Company 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.