Vertrix Wealth Management LLC Makes New Investment in iShares Floating Rate Bond ETF $FLOT

Vertrix Wealth Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 232,862 shares of the company’s stock, valued at approximately $11,888,000. iShares Floating Rate Bond ETF comprises 4.0% of Vertrix Wealth Management LLC’s portfolio, making the stock its 5th largest position.

Other large investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new position in iShares Floating Rate Bond ETF in the 4th quarter worth $30,000. Quarry LP purchased a new position in iShares Floating Rate Bond ETF in the 4th quarter worth $36,000. Tucker Asset Management LLC bought a new stake in iShares Floating Rate Bond ETF in the fourth quarter worth $37,000. Finally, Bayban bought a new stake in iShares Floating Rate Bond ETF in the fourth quarter worth $37,000.

iShares Floating Rate Bond ETF Stock Performance

BATS FLOT opened at $50.93 on Monday. The company has a 50-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 12-month low of $50.67 and a 12-month high of $51.09.

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.