Northwestern Mutual Wealth Management Co. Lowers Stock Position in iShares Floating Rate Bond ETF $FLOT

Northwestern Mutual Wealth Management Co. cut its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 56.6% in the 4th quarter, HoldingsChannel reports. The firm owned 61,321 shares of the company’s stock after selling 79,832 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Floating Rate Bond ETF were worth $3,119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Cascade Wealth Advisors Inc grew its position in iShares Floating Rate Bond ETF by 26.3% in the third quarter. Cascade Wealth Advisors Inc now owns 246,710 shares of the company’s stock worth $12,561,000 after acquiring an additional 51,392 shares in the last quarter. Elmwood Wealth Management Inc. raised its position in iShares Floating Rate Bond ETF by 49.1% during the third quarter. Elmwood Wealth Management Inc. now owns 59,913 shares of the company’s stock valued at $3,061,000 after purchasing an additional 19,725 shares in the last quarter. Crews Bank & Trust lifted its stake in iShares Floating Rate Bond ETF by 132.3% during the fourth quarter. Crews Bank & Trust now owns 80,422 shares of the company’s stock worth $4,090,000 after purchasing an additional 45,795 shares during the last quarter. Assetmark Inc. lifted its stake in iShares Floating Rate Bond ETF by 0.7% during the third quarter. Assetmark Inc. now owns 1,839,990 shares of the company’s stock worth $93,996,000 after purchasing an additional 12,153 shares during the last quarter. Finally, Glenview Trust Co boosted its holdings in shares of iShares Floating Rate Bond ETF by 3.9% in the 3rd quarter. Glenview Trust Co now owns 2,757,420 shares of the company’s stock worth $140,863,000 after purchasing an additional 102,353 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.1%

Shares of iShares Floating Rate Bond ETF stock opened at $50.90 on Friday. iShares Floating Rate Bond ETF has a 12 month low of $50.67 and a 12 month high of $51.09. The business’s 50-day moving average price is $50.92 and its 200-day moving average price is $50.92.

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.