Baring Financial LLC Buys Shares of 48,353 iShares Floating Rate Bond ETF (BATS:FLOT)

Baring Financial LLC purchased a new position in iShares Floating Rate Bond ETF (BATS:FLOT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 48,353 shares of the company’s stock, valued at approximately $2,460,000. iShares Floating Rate Bond ETF accounts for approximately 2.2% of Baring Financial LLC’s investment portfolio, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FLOT. Continental Investors Services Inc. lifted its position in iShares Floating Rate Bond ETF by 2.6% during the third quarter. Continental Investors Services Inc. now owns 7,884 shares of the company’s stock valued at $401,000 after acquiring an additional 202 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of iShares Floating Rate Bond ETF by 1.5% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 14,350 shares of the company’s stock valued at $732,000 after purchasing an additional 214 shares during the last quarter. Western Financial Corp CA boosted its position in shares of iShares Floating Rate Bond ETF by 1.9% in the 3rd quarter. Western Financial Corp CA now owns 13,592 shares of the company’s stock worth $694,000 after purchasing an additional 256 shares in the last quarter. Flagstar Advisors Inc. grew its stake in iShares Floating Rate Bond ETF by 1.4% during the 3rd quarter. Flagstar Advisors Inc. now owns 22,307 shares of the company’s stock worth $1,139,000 after buying an additional 315 shares during the last quarter. Finally, Summit Wealth Partners LLC raised its stake in iShares Floating Rate Bond ETF by 7.6% in the third quarter. Summit Wealth Partners LLC now owns 4,492 shares of the company’s stock valued at $229,000 after buying an additional 316 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT stock opened at $51.07 on Thursday. The stock’s 50-day simple moving average is $50.94 and its 200-day simple moving average is $50.95. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week 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.