iShares Floating Rate Bond ETF $FLOT Stock Sold by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC trimmed its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 12.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 194,711 shares of the company’s stock after selling 27,654 shares during the quarter. Sax Wealth Advisors LLC owned approximately 0.11% of iShares Floating Rate Bond ETF worth $9,940,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FLOT. Glenview Trust Co lifted its holdings in shares of iShares Floating Rate Bond ETF by 7.4% during the 1st quarter. Glenview Trust Co now owns 3,130,128 shares of the company’s stock worth $159,480,000 after acquiring an additional 216,519 shares during the period. PNC Financial Services Group Inc. increased its stake in iShares Floating Rate Bond ETF by 12.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,029,454 shares of the company’s stock worth $103,401,000 after acquiring an additional 230,814 shares during the last quarter. Assetmark Inc. lifted its stake in shares of iShares Floating Rate Bond ETF by 2.4% in the 1st quarter. Assetmark Inc. now owns 1,965,478 shares of the company’s stock valued at $100,141,000 after purchasing an additional 46,823 shares in the last quarter. Kensington Asset Management LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 39.9% in the 1st quarter. Kensington Asset Management LLC now owns 1,524,738 shares of the company’s stock valued at $77,685,000 after purchasing an additional 434,772 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in iShares Floating Rate Bond ETF by 1.3% in the first quarter. Cetera Investment Advisers now owns 1,086,284 shares of the company’s stock valued at $55,346,000 after buying an additional 13,784 shares during the period.

iShares Floating Rate Bond ETF Price Performance

Shares of iShares Floating Rate Bond ETF stock traded down $0.01 during trading hours on Tuesday, hitting $50.95. The company’s stock had a trading volume of 1,076,210 shares, compared to its average volume of 1,901,369. The business has a fifty day moving average of $50.96 and a 200 day moving average of $50.95. iShares Floating Rate Bond ETF has a 1-year low of $50.67 and a 1-year high of $51.08.

iShares Floating Rate Bond ETF 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.