iShares Floating Rate Bond ETF $FLOT is Towercrest Capital Management’s 6th Largest Position

Towercrest Capital Management lessened its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 537,209 shares of the company’s stock after selling 25,689 shares during the quarter. iShares Floating Rate Bond ETF comprises about 4.3% of Towercrest Capital Management’s holdings, making the stock its 6th largest holding. Towercrest Capital Management’s holdings in iShares Floating Rate Bond ETF were worth $27,371,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. L.K. Benson & Company P.C. boosted its stake in iShares Floating Rate Bond ETF by 1.3% during the fourth quarter. L.K. Benson & Company P.C. now owns 16,185 shares of the company’s stock worth $823,000 after buying an additional 204 shares during the last quarter. Donor Advised Charitable Giving Inc. raised its holdings in shares of iShares Floating Rate Bond ETF by 1.6% during the 4th quarter. Donor Advised Charitable Giving Inc. now owns 14,388 shares of the company’s stock worth $732,000 after acquiring an additional 226 shares during the period. Glen Eagle Advisors LLC boosted its position in shares of iShares Floating Rate Bond ETF by 6.6% during the 4th quarter. Glen Eagle Advisors LLC now owns 3,852 shares of the company’s stock valued at $196,000 after acquiring an additional 237 shares during the last quarter. North Star Investment Management Corp. grew its holdings in shares of iShares Floating Rate Bond ETF by 18.6% in the fourth quarter. North Star Investment Management Corp. now owns 1,731 shares of the company’s stock valued at $88,000 after purchasing an additional 271 shares during the period. Finally, Ascent Group LLC increased its position in iShares Floating Rate Bond ETF by 5.0% during the fourth quarter. Ascent Group LLC now owns 5,660 shares of the company’s stock worth $288,000 after purchasing an additional 272 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

FLOT stock traded up $0.01 during trading on Friday, reaching $50.98. 1,248,634 shares of the stock were exchanged, compared to its average volume of 1,790,306. The business has a 50 day moving average price of $50.97 and a 200-day moving average price of $50.93. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 year 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.