Compass Financial Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 116,171 shares of the company’s stock, valued at approximately $5,930,000. iShares Floating Rate Bond ETF accounts for about 0.7% of Compass Financial Management LLC’s portfolio, making the stock its 29th biggest position. Compass Financial Management LLC owned about 0.07% of iShares Floating Rate Bond ETF as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Evolution Wealth Management Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF during the first quarter worth approximately $25,000. Cornerstone Financial Management LLC purchased a new position in iShares Floating Rate Bond ETF in the 4th quarter valued at $30,000. Quarry LP purchased a new position in iShares Floating Rate Bond ETF in the 4th quarter valued at $36,000. Tucker Asset Management LLC acquired a new position in iShares Floating Rate Bond ETF in the 4th quarter valued at $37,000. Finally, Bayban acquired a new position in iShares Floating Rate Bond ETF in the 4th quarter valued at $37,000.
iShares Floating Rate Bond ETF Stock Performance
Shares of iShares Floating Rate Bond ETF stock opened at $51.01 on Friday. iShares Floating Rate Bond ETF has a one year low of $50.67 and a one year high of $51.09. The firm has a fifty day moving average of $50.98 and a two-hundred day moving average of $50.94.
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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