JPMorgan Chase & Co. Lowers Stock Holdings in iShares Floating Rate Bond ETF $FLOT

JPMorgan Chase & Co. reduced its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 19.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,194,638 shares of the company’s stock after selling 279,921 shares during the quarter. JPMorgan Chase & Co. owned 0.68% of iShares Floating Rate Bond ETF worth $61,028,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quadrature Capital Ltd lifted its holdings in shares of 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 purchasing an additional 650,127 shares during the period. Financial Sense Advisors Inc. increased its stake in iShares Floating Rate Bond ETF by 772.5% in the 3rd quarter. Financial Sense Advisors Inc. now owns 707,462 shares of the company’s stock valued at $36,141,000 after buying an additional 626,378 shares during the period. New York Life Investment Management LLC increased its stake in 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 valued at $157,227,000 after buying an additional 607,046 shares during the period. Walker Financial Services Inc. purchased a new position in iShares Floating Rate Bond ETF during the 3rd quarter worth $22,448,000. Finally, Northern Trust Corp raised its position in iShares Floating Rate Bond ETF by 8.9% during the 3rd quarter. Northern Trust Corp now owns 5,021,597 shares of the company’s stock worth $256,528,000 after buying an additional 408,643 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.0%

Shares of iShares Floating Rate Bond ETF stock opened at $50.88 on Friday. iShares Floating Rate Bond ETF has a 52-week low of $49.75 and a 52-week high of $51.34. The company’s 50-day simple moving average is $50.94 and its 200-day simple moving average is $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.