Rehmann Capital Advisory Group Cuts Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Rehmann Capital Advisory Group reduced its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 25.1% in the third quarter, Holdings Channel.com reports. The fund owned 3,971 shares of the company’s stock after selling 1,330 shares during the period. Rehmann Capital Advisory Group’s holdings in iShares Floating Rate Bond ETF were worth $203,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. HTLF Bank purchased a new position in shares of iShares Floating Rate Bond ETF in the second quarter worth $301,000. Principal Financial Group Inc. lifted its stake in iShares Floating Rate Bond ETF by 79.2% during the 2nd 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 lifted its stake in iShares Floating Rate Bond ETF by 3.5% during the 2nd quarter. Spire Wealth Management now owns 6,994 shares of the company’s stock valued at $357,000 after acquiring an additional 236 shares during the period. Atria Investments Inc boosted its holdings in shares of iShares Floating Rate Bond ETF by 65.0% during the 3rd quarter. Atria Investments Inc now owns 15,177 shares of the company’s stock valued at $775,000 after acquiring an additional 5,979 shares during the last quarter. Finally, Smith Thornton Advisors LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the second quarter worth approximately $460,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of iShares Floating Rate Bond ETF stock opened at $50.98 on Friday. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The company’s 50 day moving average is $50.96 and its 200 day moving average is $50.96.

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.