iShares Floating Rate Bond ETF $FLOT Position Reduced by Royal Bank of Canada

Royal Bank of Canada reduced its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 12.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,762,875 shares of the company’s stock after selling 247,986 shares during the quarter. Royal Bank of Canada’s holdings in iShares Floating Rate Bond ETF were worth $89,817,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Focus Partners Wealth raised its stake in shares of iShares Floating Rate Bond ETF by 8.9% in the 1st quarter. Focus Partners Wealth now owns 13,287 shares of the company’s stock valued at $678,000 after purchasing an additional 1,088 shares in the last quarter. Diversify Wealth Management LLC grew its stake in iShares Floating Rate Bond ETF by 70.3% in the second quarter. Diversify Wealth Management LLC now owns 11,891 shares of the company’s stock worth $606,000 after purchasing an additional 4,907 shares in the last quarter. Transamerica Financial Advisors LLC increased its holdings in iShares Floating Rate Bond ETF by 5.8% in the second quarter. Transamerica Financial Advisors LLC now owns 53,539 shares of the company’s stock valued at $2,732,000 after buying an additional 2,934 shares during the last quarter. Raymond James Financial Inc. increased its holdings in iShares Floating Rate Bond ETF by 13.7% in the second quarter. Raymond James Financial Inc. now owns 1,124,339 shares of the company’s stock valued at $57,364,000 after buying an additional 135,488 shares during the last quarter. Finally, Ausdal Financial Partners Inc. increased its holdings in iShares Floating Rate Bond ETF by 30.6% in the second quarter. Ausdal Financial Partners Inc. now owns 22,304 shares of the company’s stock valued at $1,138,000 after buying an additional 5,231 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS FLOT opened at $51.06 on Friday. The stock’s 50 day moving average price is $50.99 and its two-hundred day moving average price is $50.94. iShares Floating Rate Bond ETF has a 52-week low of $50.67 and a 52-week 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.