Powers Advisory Group LLC Buys New Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Powers Advisory Group LLC purchased a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,532 shares of the company’s stock, valued at approximately $485,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of iShares Floating Rate Bond ETF by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 695,321 shares of the company’s stock worth $35,489,000 after buying an additional 91,686 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in iShares Floating Rate Bond ETF by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,002 shares of the company’s stock worth $1,276,000 after acquiring an additional 502 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 14.2% during the third quarter. Sanctuary Advisors LLC now owns 103,726 shares of the company’s stock worth $5,294,000 after acquiring an additional 12,859 shares during the period. Atria Investments Inc boosted its holdings in shares of iShares Floating Rate Bond ETF by 65.0% during the third quarter. Atria Investments Inc now owns 15,177 shares of the company’s stock worth $775,000 after acquiring an additional 5,979 shares during the period. Finally, TCP Asset Management LLC grew its position in shares of iShares Floating Rate Bond ETF by 15.7% in the third quarter. TCP Asset Management LLC now owns 346,641 shares of the company’s stock valued at $17,693,000 after purchasing an additional 47,061 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

BATS:FLOT opened at $51.09 on Friday. The stock has a 50 day simple moving average of $50.95 and a 200 day simple moving average of $50.95. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-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.