Hsbc Holdings PLC acquired a new stake in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 34,492 shares of the company’s stock, valued at approximately $1,754,000.
Several other large investors have also recently made changes to their positions in the business. Bank of America Corp DE grew its position in iShares Floating Rate Bond ETF by 0.6% during the third quarter. Bank of America Corp DE now owns 8,849,172 shares of the company’s stock valued at $452,060,000 after buying an additional 49,559 shares during the period. Morgan Stanley raised its position in iShares Floating Rate Bond ETF by 1.2% in the fourth quarter. Morgan Stanley now owns 6,136,314 shares of the company’s stock worth $312,093,000 after acquiring an additional 71,189 shares during the period. Northern Trust Corp raised its position in iShares Floating Rate Bond ETF by 8.6% in the fourth quarter. Northern Trust Corp now owns 5,453,861 shares of the company’s stock worth $277,383,000 after acquiring an additional 432,264 shares during the period. Wells Fargo & Company MN raised its position in iShares Floating Rate Bond ETF by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,254,227 shares of the company’s stock worth $165,510,000 after acquiring an additional 31,384 shares during the period. Finally, New York Life Investment Management LLC boosted its stake in iShares Floating Rate Bond ETF by 1.8% in the fourth quarter. New York Life Investment Management LLC now owns 3,133,476 shares of the company’s stock valued at $159,369,000 after acquiring an additional 55,725 shares during the last quarter.
iShares Floating Rate Bond ETF Price Performance
iShares Floating Rate Bond ETF stock opened at $51.05 on Wednesday. iShares Floating Rate Bond ETF has a twelve month low of $50.67 and a twelve month high of $51.09. The firm has a 50 day moving average price of $50.97 and a 200-day moving average price of $50.93.
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.
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