23,975 Shares in iShares Floating Rate Bond ETF (BATS:FLOT) Acquired by Wealth Management Resources Inc.

Wealth Management Resources Inc. acquired a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,975 shares of the company’s stock, valued at approximately $1,220,000. iShares Floating Rate Bond ETF comprises approximately 0.5% of Wealth Management Resources Inc.’s portfolio, making the stock its 24th biggest position.

Several other hedge funds also recently bought and sold shares of FLOT. Toronto Dominion Bank bought a new position in shares of iShares Floating Rate Bond ETF in the second quarter worth about $12,772,000. Smith Thornton Advisors LLC purchased a new stake in iShares Floating Rate Bond ETF in the 2nd quarter valued at about $460,000. Forefront Analytics LLC grew its stake in iShares Floating Rate Bond ETF by 1.5% in the 2nd quarter. Forefront Analytics LLC now owns 21,697 shares of the company’s stock worth $1,108,000 after acquiring an additional 323 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of iShares Floating Rate Bond ETF by 22.7% during the second quarter. NewEdge Advisors LLC now owns 683,157 shares of the company’s stock worth $34,902,000 after acquiring an additional 126,200 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Floating Rate Bond ETF by 13.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 146,528 shares of the company’s stock valued at $7,486,000 after acquiring an additional 17,592 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.1 %

Shares of BATS FLOT opened at $51.05 on Friday. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10. The stock has a 50 day moving average price of $50.94 and a 200 day moving average price of $50.94.

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.