Global Trust Wealth Management LLC Invests $549,000 in iShares Floating Rate Bond ETF $FLOT

Global Trust Wealth Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 10,792 shares of the company’s stock, valued at approximately $549,000.

A number of other hedge funds also recently made changes to their positions in FLOT. Financial Sense Advisors Inc. raised its position in shares of iShares Floating Rate Bond ETF by 772.5% during the third quarter. Financial Sense Advisors Inc. now owns 707,462 shares of the company’s stock worth $36,141,000 after acquiring an additional 626,378 shares during the last quarter. 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. Northern Trust Corp raised its stake in 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 last quarter. Ocean Park Asset Management LLC bought a new position in iShares Floating Rate Bond ETF during the third quarter worth $19,106,000. Finally, Hartline Investment Corp raised its stake 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 worth $59,220,000 after buying an additional 311,232 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT stock opened at $50.88 on Wednesday. The stock has a 50 day simple moving average of $50.89 and a two-hundred day simple moving average of $50.92. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.09.

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.