Wealth Management Resources Inc. Trims Holdings in iShares Floating Rate Bond ETF $FLOT

Wealth Management Resources Inc. lessened its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 55.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,753 shares of the company’s stock after selling 38,572 shares during the quarter. iShares Floating Rate Bond ETF makes up about 0.6% of Wealth Management Resources Inc.’s investment portfolio, making the stock its 21st biggest position. Wealth Management Resources Inc.’s holdings in iShares Floating Rate Bond ETF were worth $1,564,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of America Corp DE grew its position in iShares Floating Rate Bond ETF by 0.6% during the third quarter. Bank of America Corp DE now owns 8,849,172 shares of the company’s stock valued at $452,060,000 after acquiring an additional 49,559 shares during the period. Northern Trust Corp increased its position in shares of iShares Floating Rate Bond ETF by 8.9% during the third quarter. Northern Trust Corp now owns 5,021,597 shares of the company’s stock worth $256,528,000 after acquiring an additional 408,643 shares during the last quarter. New York Life Investment Management LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 24.6% in the third 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 in the last quarter. Glenview Trust Co lifted its stake in shares of iShares Floating Rate Bond ETF by 3.9% in the third quarter. Glenview Trust Co now owns 2,757,420 shares of the company’s stock worth $140,863,000 after acquiring an additional 102,353 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in iShares Floating Rate Bond ETF by 5.0% in the second quarter. Ameriprise Financial Inc. now owns 2,742,216 shares of the company’s stock valued at $139,257,000 after purchasing an additional 130,241 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.0%

Shares of FLOT opened at $51.01 on Wednesday. The business’s 50 day moving average is $50.89 and its two-hundred day moving average is $50.92. iShares Floating Rate Bond ETF has a 52-week low of $50.67 and a 52-week high of $51.09.

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.