Powers Advisory Group LLC Trims Stock Position in iShares Floating Rate Bond ETF $FLOT

Powers Advisory Group LLC trimmed its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 17.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 25,878 shares of the company’s stock after selling 5,404 shares during the period. Powers Advisory Group LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,320,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Two West Capital Advisors LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 1.6% in the first quarter. Two West Capital Advisors LLC now owns 12,930 shares of the company’s stock valued at $651,000 after buying an additional 200 shares during the last quarter. Spire Wealth Management raised its holdings in shares of iShares Floating Rate Bond ETF by 13.0% in the first quarter. Spire Wealth Management now owns 1,880 shares of the company’s stock valued at $96,000 after buying an additional 217 shares during the last quarter. DHK Financial Advisors Inc. raised its holdings in shares of iShares Floating Rate Bond ETF by 0.8% in the first quarter. DHK Financial Advisors Inc. now owns 31,971 shares of the company’s stock valued at $1,632,000 after buying an additional 245 shares during the last quarter. Breakwater Capital Group increased its stake in shares of iShares Floating Rate Bond ETF by 2.5% during the first quarter. Breakwater Capital Group now owns 10,164 shares of the company’s stock worth $519,000 after acquiring an additional 250 shares during the period. Finally, Pinnacle Associates Ltd. increased its stake in shares of iShares Floating Rate Bond ETF by 1.7% during the first quarter. Pinnacle Associates Ltd. now owns 15,061 shares of the company’s stock worth $769,000 after acquiring an additional 251 shares during the period.

iShares Floating Rate Bond ETF Trading Up 0.2%

Shares of iShares Floating Rate Bond ETF stock opened at $51.09 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’s 50-day simple moving average is $50.98 and its 200-day simple moving average is $50.89.

iShares Floating Rate Bond ETF Company 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.