Prevail Innovative Wealth Advisors LLC Invests $1.56 Million in iShares Floating Rate Bond ETF $FLOT

Prevail Innovative Wealth Advisors LLC bought a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 30,539 shares of the company’s stock, valued at approximately $1,560,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Hartline Investment Corp boosted its holdings in iShares Floating Rate Bond ETF by 36.7% during the third quarter. Hartline Investment Corp now owns 1,159,242 shares of the company’s stock valued at $59,220,000 after purchasing an additional 311,232 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of iShares Floating Rate Bond ETF by 475.4% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 136,390 shares of the company’s stock worth $6,967,000 after buying an additional 112,686 shares in the last quarter. Blue Capital Inc. bought a new position in shares of iShares Floating Rate Bond ETF during the 2nd quarter worth approximately $2,696,000. NTV Asset Management LLC lifted its position in shares of iShares Floating Rate Bond ETF by 44.6% during the 3rd quarter. NTV Asset Management LLC now owns 32,621 shares of the company’s stock worth $1,666,000 after buying an additional 10,065 shares during the period. Finally, WorthPointe LLC bought a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $653,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT stock opened at $50.87 on Monday. The stock’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 one year low of $49.75 and a one year 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.