Spartan Planning & Wealth Management Takes Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Spartan Planning & Wealth Management purchased a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,406 shares of the company’s stock, valued at approximately $784,000.

Other large investors have also recently added to or reduced their stakes in the company. Logan Capital Management Inc. bought a new position in shares of iShares Floating Rate Bond ETF during the third quarter worth approximately $25,000. Moisand Fitzgerald Tamayo LLC bought a new position in iShares Floating Rate Bond ETF during the 3rd quarter worth $27,000. Darwin Wealth Management LLC acquired a new stake in shares of iShares Floating Rate Bond ETF during the third quarter worth $27,000. Eastern Bank bought a new stake in shares of iShares Floating Rate Bond ETF in the third quarter valued at about $41,000. Finally, Bull Oak Capital LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the third quarter valued at about $115,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS FLOT remained flat at $50.91 during midday trading on Tuesday. 1,323,370 shares of the stock were exchanged. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10. The stock’s fifty day moving average price is $50.93 and its 200 day moving average price is $50.94.

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.