TRUE Private Wealth Advisors Sells 823,167 Shares of iShares Floating Rate Bond ETF $FLOT

TRUE Private Wealth Advisors reduced its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 93.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,681 shares of the company’s stock after selling 823,167 shares during the quarter. TRUE Private Wealth Advisors’ holdings in iShares Floating Rate Bond ETF were worth $2,892,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Tompkins Financial Corp purchased a new stake in iShares Floating Rate Bond ETF in the second quarter worth $25,000. NorthRock Partners LLC raised its holdings in iShares Floating Rate Bond ETF by 269.5% in the 1st quarter. NorthRock Partners LLC now owns 521 shares of the company’s stock worth $27,000 after purchasing an additional 380 shares in the last quarter. SYM FINANCIAL Corp bought a new position in iShares Floating Rate Bond ETF in the 2nd quarter worth $37,000. TFC Financial Management Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF in the 2nd quarter worth about $40,000. Finally, SVB Wealth LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the 1st quarter valued at about $43,000.

iShares Floating Rate Bond ETF Price Performance

FLOT stock opened at $50.98 on Wednesday. iShares Floating Rate Bond ETF has a 1 year low of $49.75 and a 1 year high of $51.34. The firm has a 50-day moving average of $50.97 and a 200 day moving average of $50.94.

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.