Cibc World Market Inc. Has $7.73 Million Stake in iShares Floating Rate Bond ETF $FLOT

Cibc World Market Inc. increased its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 62.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 152,007 shares of the company’s stock after purchasing an additional 58,349 shares during the period. Cibc World Market Inc.’s holdings in iShares Floating Rate Bond ETF were worth $7,731,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. L.K. Benson & Company P.C. increased its holdings in iShares Floating Rate Bond ETF by 1.3% during the fourth quarter. L.K. Benson & Company P.C. now owns 16,185 shares of the company’s stock worth $823,000 after buying an additional 204 shares during the last quarter. Donor Advised Charitable Giving Inc. increased its holdings in iShares Floating Rate Bond ETF by 1.6% during the fourth quarter. Donor Advised Charitable Giving Inc. now owns 14,388 shares of the company’s stock worth $732,000 after buying an additional 226 shares during the last quarter. North Star Investment Management Corp. increased its holdings in iShares Floating Rate Bond ETF by 18.6% during the fourth quarter. North Star Investment Management Corp. now owns 1,731 shares of the company’s stock worth $88,000 after buying an additional 271 shares during the last quarter. Ascent Group LLC increased its holdings in iShares Floating Rate Bond ETF by 5.0% during the fourth quarter. Ascent Group LLC now owns 5,660 shares of the company’s stock worth $288,000 after buying an additional 272 shares during the last quarter. Finally, Frisch Financial Group Inc. increased its holdings in iShares Floating Rate Bond ETF by 1.2% during the third quarter. Frisch Financial Group Inc. now owns 22,368 shares of the company’s stock worth $1,143,000 after buying an additional 274 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $50.93 on Friday. iShares Floating Rate Bond ETF has a 1-year low of $50.67 and a 1-year high of $51.09. The company’s fifty day simple moving average is $50.92 and its 200 day simple moving average is $50.92.

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.