Kensington Asset Management LLC Boosts Holdings in iShares Floating Rate Bond ETF $FLOT

Kensington Asset Management LLC boosted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 39.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,524,738 shares of the company’s stock after buying an additional 434,772 shares during the quarter. iShares Floating Rate Bond ETF accounts for 3.6% of Kensington Asset Management LLC’s investment portfolio, making the stock its 11th largest holding. Kensington Asset Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $77,685,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Evolution Wealth Management Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF in the first quarter valued at $25,000. Cornerstone Financial Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter worth about $30,000. Quarry LP purchased a new position in shares of iShares Floating Rate Bond ETF during the 4th quarter worth about $36,000. Tucker Asset Management LLC purchased a new position in shares of iShares Floating Rate Bond ETF during the 4th quarter worth about $37,000. Finally, Bayban bought a new position in iShares Floating Rate Bond ETF during the 4th quarter valued at about $37,000.

iShares Floating Rate Bond ETF Trading Down 0.0%

Shares of BATS:FLOT opened at $51.06 on Friday. iShares Floating Rate Bond ETF has a 12 month low of $50.67 and a 12 month high of $51.09. The firm’s 50-day moving average is $50.99 and its 200 day moving average is $50.94.

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.