iShares Floating Rate Bond ETF (BATS:FLOT) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC grew its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 34.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 58,082 shares of the company’s stock after buying an additional 14,818 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,965,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Demars Financial Group LLC raised its position in shares of iShares Floating Rate Bond ETF by 5,019.0% in the 4th quarter. Demars Financial Group LLC now owns 38,039,428 shares of the company’s stock worth $1,935,446,000 after buying an additional 37,296,320 shares during the period. Proficio Capital Partners LLC grew its position in iShares Floating Rate Bond ETF by 2,108.2% during the fourth quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock valued at $231,716,000 after acquiring an additional 4,347,920 shares during the period. Raymond James Financial Inc. acquired a new stake in iShares Floating Rate Bond ETF during the fourth quarter worth about $43,863,000. JPMorgan Chase & Co. raised its holdings in shares of iShares Floating Rate Bond ETF by 103.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,414,905 shares of the company’s stock worth $71,990,000 after purchasing an additional 719,584 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of iShares Floating Rate Bond ETF by 21.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,658,917 shares of the company’s stock valued at $135,286,000 after purchasing an additional 470,630 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.3%

Shares of BATS:FLOT opened at $50.84 on Tuesday. iShares Floating Rate Bond ETF has a 1 year low of $49.75 and a 1 year high of $51.34. The stock has a 50-day simple moving average of $50.75 and a 200-day simple moving average of $50.89.

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.