Trek Financial LLC Sells 106,945 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Trek Financial LLC decreased its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 85.1% during the first quarter, HoldingsChannel reports. The firm owned 18,720 shares of the company’s stock after selling 106,945 shares during the quarter. Trek Financial LLC’s holdings in iShares Floating Rate Bond ETF were worth $956,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in iShares Floating Rate Bond ETF by 21.5% during the 4th quarter. Bank of New York Mellon Corp now owns 40,060 shares of the company’s stock valued at $2,038,000 after acquiring an additional 7,099 shares during the period. Atria Investments Inc lifted its position in iShares Floating Rate Bond ETF by 53.7% during the 4th quarter. Atria Investments Inc now owns 23,326 shares of the company’s stock valued at $1,187,000 after acquiring an additional 8,149 shares during the period. Proficio Capital Partners LLC raised its holdings in iShares Floating Rate Bond ETF by 10.1% in the fourth quarter. Proficio Capital Partners LLC now owns 227,023 shares of the company’s stock worth $11,551,000 after buying an additional 20,780 shares during the last quarter. Raymond James Financial Inc. purchased a new position in iShares Floating Rate Bond ETF in the fourth quarter worth about $43,863,000. Finally, Independent Advisor Alliance purchased a new position in iShares Floating Rate Bond ETF in the fourth quarter worth about $3,456,000.

iShares Floating Rate Bond ETF Stock Down 0.2%

Shares of iShares Floating Rate Bond ETF stock opened at $50.90 on Wednesday. iShares Floating Rate Bond ETF has a 52-week low of $49.75 and a 52-week high of $51.34. The company has a 50-day simple moving average of $50.88 and a two-hundred day simple moving average of $50.89.

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.