Brand Asset Management Group Inc. Invests $1.30 Million in iShares Floating Rate Bond ETF $FLOT

Brand Asset Management Group Inc. acquired a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the third quarter, Holdings Channel reports. The institutional investor acquired 25,492 shares of the company’s stock, valued at approximately $1,302,000.

Other large investors also recently bought and sold shares of the company. Quadrature Capital Ltd boosted its stake in iShares Floating Rate Bond ETF by 15,997.2% during the second quarter. Quadrature Capital Ltd now owns 654,191 shares of the company’s stock worth $33,374,000 after buying an additional 650,127 shares during the period. New York Life Investment Management LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 24.6% in the 3rd quarter. New York Life Investment Management LLC now owns 3,077,751 shares of the company’s stock worth $157,227,000 after acquiring an additional 607,046 shares during the last quarter. Walker Financial Services Inc. purchased a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $22,448,000. Trustmark Bank Trust Department increased its holdings in iShares Floating Rate Bond ETF by 153.3% in the 2nd quarter. Trustmark Bank Trust Department now owns 668,097 shares of the company’s stock valued at $34,086,000 after purchasing an additional 404,368 shares during the last quarter. Finally, Flputnam Investment Management Co. increased its holdings in iShares Floating Rate Bond ETF by 32.9% in the 3rd quarter. Flputnam Investment Management Co. now owns 1,614,802 shares of the company’s stock valued at $82,492,000 after purchasing an additional 399,436 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $51.00 on Friday. iShares Floating Rate Bond ETF has a 52 week low of $49.75 and a 52 week high of $51.34. The stock’s fifty day moving average is $50.93 and its two-hundred day moving average is $50.95.

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.