43,822 Shares in iShares Floating Rate Bond ETF $FLOT Acquired by Blue Fin Capital Inc.

Blue Fin Capital Inc. bought a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 43,822 shares of the company’s stock, valued at approximately $2,237,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLOT. Modera Wealth Management LLC purchased a new position in iShares Floating Rate Bond ETF during the 3rd quarter valued at $16,025,000. Greenup Street Wealth Management LLC lifted its position in shares of iShares Floating Rate Bond ETF by 25.9% in the 3rd quarter. Greenup Street Wealth Management LLC now owns 40,737 shares of the company’s stock worth $2,080,000 after purchasing an additional 8,378 shares during the period. Cranbrook Wealth Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth about $101,000. Glenview Trust Co boosted its stake in shares of iShares Floating Rate Bond ETF by 3.4% during the 3rd quarter. Glenview Trust Co now owns 3,253,697 shares of the company’s stock valued at $166,101,000 after purchasing an additional 107,720 shares in the last quarter. Finally, Outlook Wealth Advisors LLC boosted its stake in shares of iShares Floating Rate Bond ETF by 5.3% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 37,007 shares of the company’s stock valued at $1,889,000 after purchasing an additional 1,846 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.0%

Shares of FLOT opened at $51.01 on Friday. iShares Floating Rate Bond ETF has a 1-year low of $50.67 and a 1-year high of $51.08. The firm’s 50-day moving average price is $50.97 and its 200-day moving average price is $50.95.

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.