Kane Investment Management Inc. Reduces Holdings in iShares Floating Rate Bond ETF $FLOT

Kane Investment Management Inc. lowered its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 50.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,065 shares of the company’s stock after selling 12,212 shares during the period. Kane Investment Management Inc.’s holdings in iShares Floating Rate Bond ETF were worth $616,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. American Wealth Advisors LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $584,000. Bellwether Advisors LLC increased its position in iShares Floating Rate Bond ETF by 2.9% during the third quarter. Bellwether Advisors LLC now owns 15,019 shares of the company’s stock worth $767,000 after buying an additional 428 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 54.9% in the third quarter. Focus Partners Advisor Solutions LLC now owns 26,190 shares of the company’s stock worth $1,334,000 after acquiring an additional 9,277 shares during the last quarter. State Farm Mutual Automobile Insurance Co. lifted its position in shares of iShares Floating Rate Bond ETF by 417.5% in the third quarter. State Farm Mutual Automobile Insurance Co. now owns 69,590 shares of the company’s stock valued at $3,555,000 after acquiring an additional 56,143 shares in the last quarter. Finally, Cascade Wealth Advisors Inc lifted its position in shares of iShares Floating Rate Bond ETF by 26.3% in the third quarter. Cascade Wealth Advisors Inc now owns 246,710 shares of the company’s stock valued at $12,561,000 after acquiring an additional 51,392 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.1%

FLOT opened at $50.85 on Thursday. The business’s fifty day simple moving average is $50.94 and its 200 day simple moving average is $50.95. iShares Floating Rate Bond ETF has a 52 week low of $49.75 and a 52 week high of $51.34.

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.