Vicus Capital Sells 62,196 Shares of iShares Floating Rate Bond ETF $FLOT

Vicus Capital lessened its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 71.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 24,923 shares of the company’s stock after selling 62,196 shares during the quarter. Vicus Capital’s holdings in iShares Floating Rate Bond ETF were worth $1,270,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in FLOT. Focus Partners Wealth boosted its stake in iShares Floating Rate Bond ETF by 8.9% in the first 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 last quarter. Diversify Wealth Management LLC increased its stake in shares of iShares Floating Rate Bond ETF by 70.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 11,891 shares of the company’s stock worth $606,000 after purchasing an additional 4,907 shares during the last quarter. Transamerica Financial Advisors LLC increased its stake in shares of iShares Floating Rate Bond ETF by 5.8% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 53,539 shares of the company’s stock worth $2,732,000 after purchasing an additional 2,934 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of iShares Floating Rate Bond ETF by 13.7% in the 2nd quarter. Raymond James Financial Inc. now owns 1,124,339 shares of the company’s stock worth $57,364,000 after purchasing an additional 135,488 shares during the period. Finally, Ausdal Financial Partners Inc. raised its holdings in shares of iShares Floating Rate Bond ETF by 30.6% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 22,304 shares of the company’s stock worth $1,138,000 after purchasing an additional 5,231 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

iShares Floating Rate Bond ETF stock opened at $51.05 on Monday. 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 simple moving average is $50.96 and its 200 day simple moving average is $50.93.

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.