GSB Wealth Management LLC Has $7.67 Million Position in iShares Floating Rate Bond ETF (BATS:FLOT)

GSB Wealth Management LLC boosted its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,711 shares of the company’s stock after acquiring an additional 8,525 shares during the quarter. iShares Floating Rate Bond ETF accounts for 2.0% of GSB Wealth Management LLC’s portfolio, making the stock its 6th largest position. GSB Wealth Management LLC owned approximately 0.10% of iShares Floating Rate Bond ETF worth $7,668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in FLOT. Logan Capital Management Inc. acquired a new position in iShares Floating Rate Bond ETF during the third quarter worth $25,000. Moisand Fitzgerald Tamayo LLC bought a new stake in iShares Floating Rate Bond ETF during the 3rd quarter worth about $27,000. Darwin Wealth Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth about $27,000. Eastern Bank bought a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at about $41,000. Finally, Bull Oak Capital LLC bought a new stake in iShares Floating Rate Bond ETF during the third quarter worth about $115,000.

iShares Floating Rate Bond ETF Trading Up 0.1 %

Shares of FLOT stock opened at $51.05 on Friday. The company has a fifty day moving average price of $50.94 and a two-hundred day moving average price of $50.94. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10.

About iShares Floating Rate Bond ETF

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.