Canal Insurance CO Has $5.05 Million Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Canal Insurance CO boosted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 28.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the company’s stock after purchasing an additional 22,000 shares during the period. iShares Floating Rate Bond ETF comprises 1.3% of Canal Insurance CO’s holdings, making the stock its 26th largest position. Canal Insurance CO owned approximately 0.07% of iShares Floating Rate Bond ETF worth $5,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of FLOT. Northwestern Mutual Wealth Management Co. increased its stake in iShares Floating Rate Bond ETF by 13.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 146,528 shares of the company’s stock valued at $7,486,000 after buying an additional 17,592 shares during the last quarter. Regal Investment Advisors LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 2.6% in the 2nd quarter. Regal Investment Advisors LLC now owns 80,223 shares of the company’s stock valued at $4,099,000 after acquiring an additional 2,039 shares in the last quarter. EP Wealth Advisors LLC increased its position in shares of iShares Floating Rate Bond ETF by 74.6% in the second quarter. EP Wealth Advisors LLC now owns 8,906 shares of the company’s stock valued at $455,000 after acquiring an additional 3,805 shares during the last quarter. Cetera Investment Advisers raised its holdings in iShares Floating Rate Bond ETF by 13.8% during the second quarter. Cetera Investment Advisers now owns 975,934 shares of the company’s stock worth $49,860,000 after acquiring an additional 118,392 shares in the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new position in iShares Floating Rate Bond ETF during the second quarter valued at approximately $1,260,000.

iShares Floating Rate Bond ETF Stock Up 0.1 %

BATS:FLOT opened at $51.05 on Tuesday. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The stock’s 50 day moving average price is $50.94 and its two-hundred day moving average price is $50.94.

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.