Orange Investment Advisors Inc. Boosts Stock Holdings in iShares Floating Rate Bond ETF $FLOT

Orange Investment Advisors Inc. raised its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 8.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 165,725 shares of the company’s stock after purchasing an additional 13,436 shares during the period. Orange Investment Advisors Inc. owned 0.09% of iShares Floating Rate Bond ETF worth $8,466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC bought a new position in shares of iShares Floating Rate Bond ETF during the 2nd quarter worth $61,900,000. Royal Bank of Canada raised its stake in iShares Floating Rate Bond ETF by 59.0% in the 1st quarter. Royal Bank of Canada now owns 2,351,795 shares of the company’s stock valued at $120,058,000 after acquiring an additional 872,352 shares during the period. Quadrature Capital Ltd lifted its holdings in iShares Floating Rate Bond ETF by 15,997.2% during the second quarter. Quadrature Capital Ltd now owns 654,191 shares of the company’s stock valued at $33,374,000 after purchasing an additional 650,127 shares during the last quarter. RMG Wealth Management LLC bought a new position in iShares Floating Rate Bond ETF during the second quarter worth about $24,254,000. Finally, Walker Financial Services Inc. bought a new position in iShares Floating Rate Bond ETF during the third quarter worth about $22,448,000.

iShares Floating Rate Bond ETF Trading Down 0.3%

FLOT opened at $50.82 on Friday. The firm 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 has a twelve month low of $49.75 and a twelve month high of $51.34.

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.