Demars Financial Group LLC Has $38.06 Million Stake in iShares Floating Rate Bond ETF $FLOT

Demars Financial Group LLC trimmed its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 745,104 shares of the company’s stock after selling 18,967 shares during the period. iShares Floating Rate Bond ETF comprises approximately 13.2% of Demars Financial Group LLC’s portfolio, making the stock its 3rd largest position. Demars Financial Group LLC’s holdings in iShares Floating Rate Bond ETF were worth $38,064,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Focus Partners Wealth boosted its holdings in iShares Floating Rate Bond ETF by 8.9% during the 1st quarter. Focus Partners Wealth now owns 13,287 shares of the company’s stock valued at $678,000 after acquiring an additional 1,088 shares during the period. Narus Financial Partners LLC bought a new stake in iShares Floating Rate Bond ETF in the second quarter valued at approximately $207,000. GSB Wealth Management LLC boosted its stake in shares of iShares Floating Rate Bond ETF by 1.7% during the second quarter. GSB Wealth Management LLC now owns 145,375 shares of the company’s stock valued at $7,417,000 after purchasing an additional 2,433 shares during the period. Financial Partners Group Inc boosted its stake in shares of iShares Floating Rate Bond ETF by 39.2% during the second quarter. Financial Partners Group Inc now owns 27,957 shares of the company’s stock valued at $1,426,000 after purchasing an additional 7,873 shares during the period. Finally, North Star Investment Management Corp. grew its holdings in shares of iShares Floating Rate Bond ETF by 198.0% in the second quarter. North Star Investment Management Corp. now owns 1,460 shares of the company’s stock worth $74,000 after purchasing an additional 970 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.0%

Shares of BATS FLOT opened at $50.96 on Wednesday. The firm’s fifty day moving average is $50.92 and its 200 day moving average is $50.95. iShares Floating Rate Bond ETF has a 52 week low of $49.75 and a 52 week high of $51.34.

About iShares Floating Rate Bond ETF

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.