Royal Fund Management LLC Sells 170,176 Shares of iShares Floating Rate Bond ETF $FLOT

Royal Fund Management LLC lessened its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 53.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 146,552 shares of the company’s stock after selling 170,176 shares during the quarter. Royal Fund Management LLC owned approximately 0.08% of iShares Floating Rate Bond ETF worth $7,454,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of iShares Floating Rate Bond ETF by 0.6% in the 3rd quarter. Bank of America Corp DE now owns 8,849,172 shares of the company’s stock worth $452,060,000 after purchasing an additional 49,559 shares during the period. Northern Trust Corp increased its position in shares of iShares Floating Rate Bond ETF by 8.9% during the third quarter. Northern Trust Corp now owns 5,021,597 shares of the company’s stock worth $256,528,000 after buying an additional 408,643 shares during the period. New York Life Investment Management LLC raised its stake in iShares Floating Rate Bond ETF by 24.6% during the third quarter. New York Life Investment Management LLC now owns 3,077,751 shares of the company’s stock worth $157,227,000 after buying an additional 607,046 shares during the last quarter. Glenview Trust Co raised its stake in iShares Floating Rate Bond ETF by 3.9% during the third quarter. Glenview Trust Co now owns 2,757,420 shares of the company’s stock worth $140,863,000 after buying an additional 102,353 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in iShares Floating Rate Bond ETF by 5.0% in the second quarter. Ameriprise Financial Inc. now owns 2,742,216 shares of the company’s stock valued at $139,257,000 after buying an additional 130,241 shares during the period.

iShares Floating Rate Bond ETF Stock Up 0.1%

Shares of FLOT opened at $50.83 on Tuesday. The firm’s fifty day simple moving average is $50.93 and its two-hundred day simple moving average is $50.94. iShares Floating Rate Bond ETF has a 12 month low of $49.75 and a 12 month high of $51.34.

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.