Modera Wealth Management LLC Makes New $16.02 Million Investment in iShares Floating Rate Bond ETF $FLOT

Modera Wealth Management LLC purchased a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 313,910 shares of the company’s stock, valued at approximately $16,025,000. Modera Wealth Management LLC owned approximately 0.18% of iShares Floating Rate Bond ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Glenview Trust Co boosted its stake in iShares Floating Rate Bond ETF by 3.4% in the third quarter. Glenview Trust Co now owns 3,253,697 shares of the company’s stock valued at $166,101,000 after acquiring an additional 107,720 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of 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 purchasing an additional 230,814 shares during the last quarter. Assetmark Inc. increased its position in shares of iShares Floating Rate Bond ETF by 2.4% during the first quarter. Assetmark Inc. now owns 1,965,478 shares of the company’s stock worth $100,141,000 after purchasing an additional 46,823 shares in the last quarter. Kensington Asset Management LLC increased its position in shares of iShares Floating Rate Bond ETF by 39.9% during the first quarter. Kensington Asset Management LLC now owns 1,524,738 shares of the company’s stock worth $77,685,000 after purchasing an additional 434,772 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of iShares Floating Rate Bond ETF by 1.3% during the first quarter. Cetera Investment Advisers now owns 1,086,284 shares of the company’s stock worth $55,346,000 after purchasing an additional 13,784 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $51.01 on Friday. The stock’s 50 day moving average price is $50.97 and its 200 day moving average price is $50.95. iShares Floating Rate Bond ETF has a 52-week low of $50.67 and a 52-week 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.