6,618 Shares in iShares Floating Rate Bond ETF (BATS:FLOT) Bought by Royal Fund Management LLC

Royal Fund Management LLC acquired a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the 4th quarter, Holdings Channel reports. The fund acquired 6,618 shares of the company’s stock, valued at approximately $337,000.

Several other hedge funds also recently made changes to their positions in FLOT. Blair William & Co. IL raised its position in iShares Floating Rate Bond ETF by 9.7% in the 2nd quarter. Blair William & Co. IL now owns 31,247 shares of the company’s stock valued at $1,596,000 after purchasing an additional 2,765 shares during the last quarter. AE Wealth Management LLC grew its stake in shares of iShares Floating Rate Bond ETF by 175.9% in the 2nd quarter. AE Wealth Management LLC now owns 25,567 shares of the company’s stock valued at $1,306,000 after purchasing an additional 16,299 shares during the last quarter. Certified Advisory Corp increased its holdings in shares of iShares Floating Rate Bond ETF by 16.5% in the second quarter. Certified Advisory Corp now owns 10,575 shares of the company’s stock valued at $540,000 after purchasing an additional 1,496 shares during the period. Semmax Financial Advisors Inc. raised its position in iShares Floating Rate Bond ETF by 7.6% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 255,753 shares of the company’s stock worth $13,000,000 after buying an additional 18,100 shares during the last quarter. Finally, Toronto Dominion Bank acquired a new stake in iShares Floating Rate Bond ETF in the second quarter valued at about $12,772,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT stock opened at $51.02 on Wednesday. The stock has a 50 day simple moving average of $50.94 and a 200-day simple moving average of $50.94. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month 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.