Single Point Partners LLC Purchases 10,086 Shares of iShares Floating Rate Bond ETF $FLOT

Single Point Partners LLC raised its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 6.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 157,214 shares of the company’s stock after purchasing an additional 10,086 shares during the period. iShares Floating Rate Bond ETF accounts for 1.5% of Single Point Partners LLC’s investment portfolio, making the stock its 14th largest holding. Single Point Partners LLC’s holdings in iShares Floating Rate Bond ETF were worth $8,031,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FLOT. Forefront Wealth Partners LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at $2,305,000. Ascent Group LLC increased its stake in iShares Floating Rate Bond ETF by 11.0% in the 3rd quarter. Ascent Group LLC now owns 5,388 shares of the company’s stock worth $275,000 after buying an additional 536 shares in the last quarter. Continuum Advisory LLC raised its holdings in iShares Floating Rate Bond ETF by 14.4% during the third quarter. Continuum Advisory LLC now owns 4,505 shares of the company’s stock valued at $230,000 after acquiring an additional 566 shares during the period. WorthPointe LLC bought a new stake in iShares Floating Rate Bond ETF during the third quarter valued at about $653,000. Finally, KW Wealth Management LLC purchased a new position in shares of iShares Floating Rate Bond ETF in the third quarter valued at about $4,289,000.

iShares Floating Rate Bond ETF Stock Down 0.3%

BATS FLOT opened at $50.84 on Wednesday. iShares Floating Rate Bond ETF has a twelve month low of $49.75 and a twelve month high of $51.34. The business has a 50-day moving average price of $50.94 and a 200-day moving average price of $50.95.

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.