Destination Wealth Management Has $24.23 Million Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Destination Wealth Management lifted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 2.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 474,747 shares of the company’s stock after acquiring an additional 10,591 shares during the quarter. Destination Wealth Management owned approximately 0.33% of iShares Floating Rate Bond ETF worth $24,231,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FLOT. HTLF Bank bought a new stake in iShares Floating Rate Bond ETF in the 2nd quarter valued at $301,000. Principal Financial Group Inc. boosted its position in shares of iShares Floating Rate Bond ETF by 79.2% in the second quarter. Principal Financial Group Inc. now owns 42,075 shares of the company’s stock valued at $2,150,000 after acquiring an additional 18,600 shares during the period. Spire Wealth Management grew its stake in shares of iShares Floating Rate Bond ETF by 3.5% in the second quarter. Spire Wealth Management now owns 6,994 shares of the company’s stock valued at $357,000 after acquiring an additional 236 shares in the last quarter. Atria Investments Inc increased its position in iShares Floating Rate Bond ETF by 65.0% during the third quarter. Atria Investments Inc now owns 15,177 shares of the company’s stock worth $775,000 after acquiring an additional 5,979 shares during the period. Finally, Smith Thornton Advisors LLC acquired a new stake in iShares Floating Rate Bond ETF in the 2nd quarter worth about $460,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT remained flat at $50.93 during mid-day trading on Thursday. 973,240 shares of the stock traded hands. The stock has a 50 day moving average of $50.96 and a 200-day moving average of $50.96. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10.

About iShares Floating Rate Bond ETF

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.