iShares Floating Rate Bond ETF $FLOT Shares Sold by Mcmorgan & Co. LLC

Mcmorgan & Co. LLC lessened its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 55.3% during the 1st quarter, Holdings Channel reports. The firm owned 297,261 shares of the company’s stock after selling 367,795 shares during the quarter. iShares Floating Rate Bond ETF comprises 2.5% of Mcmorgan & Co. LLC’s investment portfolio, making the stock its 14th biggest holding. Mcmorgan & Co. LLC’s holdings in iShares Floating Rate Bond ETF were worth $15,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of FLOT. D.A. Davidson & CO. raised its position in shares of iShares Floating Rate Bond ETF by 6.1% during the 1st quarter. D.A. Davidson & CO. now owns 68,988 shares of the company’s stock worth $3,515,000 after purchasing an additional 3,971 shares during the last quarter. Midwest Professional Planners LTD. acquired a new stake in iShares Floating Rate Bond ETF during the 1st quarter valued at $206,000. Sherman Asset Management Inc. grew its holdings in iShares Floating Rate Bond ETF by 35.7% during the 1st quarter. Sherman Asset Management Inc. now owns 10,233 shares of the company’s stock valued at $521,000 after buying an additional 2,694 shares during the last quarter. Ethos Financial Group LLC increased its position in iShares Floating Rate Bond ETF by 65.9% during the first quarter. Ethos Financial Group LLC now owns 12,283 shares of the company’s stock worth $626,000 after buying an additional 4,877 shares in the last quarter. Finally, Advisors Preferred LLC purchased a new position in iShares Floating Rate Bond ETF during the first quarter worth $2,504,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS:FLOT opened at $50.97 on Thursday. iShares Floating Rate Bond ETF has a 52-week low of $50.67 and a 52-week high of $51.09. The stock’s fifty day simple moving average is $50.97 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.