Whalen Wealth Management Inc. Acquires Shares of 153,187 iShares Floating Rate Bond ETF (BATS:FLOT)

Whalen Wealth Management Inc. bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 153,187 shares of the company’s stock, valued at approximately $7,794,000. iShares Floating Rate Bond ETF accounts for approximately 5.4% of Whalen Wealth Management Inc.’s holdings, making the stock its 2nd biggest position. Whalen Wealth Management Inc. owned about 0.11% of iShares Floating Rate Bond ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Logan Capital Management Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF during the third quarter worth $25,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in iShares Floating Rate Bond ETF during the 3rd quarter worth about $27,000. Darwin Wealth Management LLC bought a new position in iShares Floating Rate Bond ETF in the 3rd quarter worth about $27,000. Eastern Bank purchased a new position in iShares Floating Rate Bond ETF during the 3rd quarter valued at about $41,000. Finally, Bull Oak Capital LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the third quarter valued at about $115,000.

iShares Floating Rate Bond ETF Stock Performance

FLOT stock opened at $51.02 on Thursday. The firm has a 50 day moving average of $50.94 and a 200-day moving average of $50.94. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10.

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.