Penobscot Investment Management Company Inc. Sells 3,475 Shares of iShares Floating Rate Bond ETF $FLOT

Penobscot Investment Management Company Inc. lessened its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 124,506 shares of the company’s stock after selling 3,475 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in iShares Floating Rate Bond ETF were worth $6,352,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FLOT. Tompkins Financial Corp bought a new position in iShares Floating Rate Bond ETF in the 2nd quarter worth about $25,000. NorthRock Partners LLC lifted its stake in iShares Floating Rate Bond ETF by 269.5% in the first quarter. NorthRock Partners LLC now owns 521 shares of the company’s stock worth $27,000 after purchasing an additional 380 shares during the last quarter. Asset Dedication LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter valued at about $29,000. WASHINGTON TRUST Co lifted its position in iShares Floating Rate Bond ETF by 242.6% in the first quarter. WASHINGTON TRUST Co now owns 692 shares of the company’s stock valued at $35,000 after purchasing an additional 490 shares during the last quarter. Finally, SVB Wealth LLC purchased a new stake in iShares Floating Rate Bond ETF during the 1st quarter valued at $43,000.

iShares Floating Rate Bond ETF Price Performance

FLOT opened at $50.93 on Friday. iShares Floating Rate Bond ETF has a 52-week low of $49.75 and a 52-week high of $51.34. The stock’s 50 day moving average price is $50.97 and its 200-day moving average price is $50.89.

iShares Floating Rate Bond ETF Company 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.