Hartline Investment Corp lessened its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 0.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,407,923 shares of the company’s stock after selling 10,164 shares during the period. iShares Floating Rate Bond ETF comprises approximately 7.9% of Hartline Investment Corp’s investment portfolio, making the stock its 3rd largest holding. Hartline Investment Corp’s holdings in iShares Floating Rate Bond ETF were worth $71,734,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. bought a new stake in shares of iShares Floating Rate Bond ETF during the first quarter worth approximately $25,000. Cornerstone Financial Management LLC bought a new position in shares of iShares Floating Rate Bond ETF in the fourth quarter worth $30,000. Quarry LP acquired a new position in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at approximately $36,000. Tucker Asset Management LLC acquired a new position in iShares Floating Rate Bond ETF during the fourth quarter valued at approximately $37,000. Finally, Bayban acquired a new position in shares of iShares Floating Rate Bond ETF during the 4th quarter worth $37,000.
iShares Floating Rate Bond ETF Stock Performance
Shares of iShares Floating Rate Bond ETF stock opened at $50.95 on Wednesday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.09. The company’s 50 day moving average price is $50.97 and its two-hundred day moving average price is $50.93.
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.
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