Everest Financial Group LLC Makes New Investment in iShares Floating Rate Bond ETF $FLOT

Everest Financial Group LLC bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the first quarter, HoldingsChannel reports. The institutional investor bought 108,129 shares of the company’s stock, valued at approximately $5,505,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FLOT. Financial Sense Advisors Inc. increased its stake in shares of iShares Floating Rate Bond ETF by 772.5% during the 3rd quarter. Financial Sense Advisors Inc. now owns 707,462 shares of the company’s stock worth $36,141,000 after purchasing an additional 626,378 shares during the last quarter. RMG Wealth Management LLC purchased a new position in iShares Floating Rate Bond ETF in the first quarter valued at approximately $30,601,000. Focus Partners Wealth lifted its stake in iShares Floating Rate Bond ETF by 5,292.9% in the fourth quarter. Focus Partners Wealth now owns 598,555 shares of the company’s stock valued at $30,443,000 after purchasing an additional 587,456 shares during the last quarter. New England Private Wealth Advisors LLC lifted its stake in iShares Floating Rate Bond ETF by 1,456.2% in the fourth quarter. New England Private Wealth Advisors LLC now owns 510,009 shares of the company’s stock valued at $25,952,000 after purchasing an additional 477,237 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in iShares Floating Rate Bond ETF by 8.6% during the fourth quarter. Northern Trust Corp now owns 5,453,861 shares of the company’s stock valued at $277,383,000 after purchasing an additional 432,264 shares during the period.

iShares Floating Rate Bond ETF Price Performance

BATS:FLOT opened at $51.03 on Friday. The business has a fifty day simple moving average of $50.98 and a two-hundred day simple moving average of $50.94. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 year high of $51.09.

About iShares Floating Rate Bond ETF

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.