Mutual Advisors LLC Has $12.74 Million Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Mutual Advisors LLC grew its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 880.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 249,801 shares of the company’s stock after acquiring an additional 224,329 shares during the period. Mutual Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $12,740,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FLOT. Independent Wealth Network Inc. grew its position in iShares Floating Rate Bond ETF by 2.2% in the fourth quarter. Independent Wealth Network Inc. now owns 22,137 shares of the company’s stock worth $1,126,000 after acquiring an additional 466 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in iShares Floating Rate Bond ETF by 38.5% in the fourth quarter. Atomi Financial Group Inc. now owns 111,953 shares of the company’s stock worth $5,696,000 after purchasing an additional 31,098 shares in the last quarter. Chesley Taft & Associates LLC increased its position in iShares Floating Rate Bond ETF by 15.2% during the fourth quarter. Chesley Taft & Associates LLC now owns 143,635 shares of the company’s stock worth $7,308,000 after buying an additional 18,975 shares during the last quarter. Alpha Cubed Investments LLC raised its holdings in iShares Floating Rate Bond ETF by 1.5% during the fourth quarter. Alpha Cubed Investments LLC now owns 48,793 shares of the company’s stock valued at $2,483,000 after buying an additional 724 shares in the last quarter. Finally, First United Bank & Trust lifted its position in shares of iShares Floating Rate Bond ETF by 14.1% in the fourth quarter. First United Bank & Trust now owns 31,657 shares of the company’s stock worth $1,611,000 after buying an additional 3,918 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS FLOT opened at $51.02 on Thursday. The business’s 50-day simple moving average is $50.94 and its 200-day simple moving average is $50.94. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10.

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.