RMG Wealth Management LLC Invests $30.60 Million in iShares Floating Rate Bond ETF $FLOT

RMG Wealth Management LLC purchased a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 601,090 shares of the company’s stock, valued at approximately $30,601,000. iShares Floating Rate Bond ETF comprises about 3.6% of RMG Wealth Management LLC’s holdings, making the stock its 8th largest holding. RMG Wealth Management LLC owned 0.34% of iShares Floating Rate Bond ETF at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bank of America Corp DE raised its position in shares of iShares Floating Rate Bond ETF by 0.6% during the 3rd 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 last quarter. Morgan Stanley boosted its position in shares of iShares Floating Rate Bond ETF by 1.2% in the 4th quarter. Morgan Stanley now owns 6,136,314 shares of the company’s stock worth $312,093,000 after purchasing an additional 71,189 shares during the last quarter. Northern Trust Corp boosted its position in shares of iShares Floating Rate Bond ETF by 8.6% in the 4th quarter. Northern Trust Corp now owns 5,453,861 shares of the company’s stock worth $277,383,000 after purchasing an additional 432,264 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of iShares Floating Rate Bond ETF by 1.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,254,227 shares of the company’s stock worth $165,510,000 after purchasing an additional 31,384 shares during the last quarter. Finally, New York Life Investment Management LLC grew its stake in shares of iShares Floating Rate Bond ETF by 1.8% during the fourth quarter. New York Life Investment Management LLC now owns 3,133,476 shares of the company’s stock worth $159,369,000 after purchasing an additional 55,725 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

BATS FLOT opened at $51.00 on Friday. The stock has a 50-day simple moving average of $50.98 and a 200 day simple moving average of $50.94. iShares Floating Rate Bond ETF has a 12 month low of $50.67 and a 12 month high of $51.09.

iShares Floating Rate Bond ETF 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.