Elm3 Financial Group LLC Sells 2,400 Shares of iShares Floating Rate Bond ETF $FLOT

Elm3 Financial Group LLC reduced its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 36.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,263 shares of the company’s stock after selling 2,400 shares during the quarter. Elm3 Financial Group LLC’s holdings in iShares Floating Rate Bond ETF were worth $217,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Park Avenue Securities LLC increased its holdings in shares of iShares Floating Rate Bond ETF by 34.3% during the 1st quarter. Park Avenue Securities LLC now owns 58,082 shares of the company’s stock worth $2,965,000 after purchasing an additional 14,818 shares during the period. Sherman Asset Management Inc. increased its stake in iShares Floating Rate Bond ETF by 19.1% during the first quarter. Sherman Asset Management Inc. now owns 7,056 shares of the company’s stock valued at $360,000 after acquiring an additional 1,132 shares during the period. Outlook Wealth Advisors LLC raised its holdings in iShares Floating Rate Bond ETF by 14.0% in the 1st quarter. Outlook Wealth Advisors LLC now owns 36,648 shares of the company’s stock valued at $1,871,000 after acquiring an additional 4,499 shares in the last quarter. Destiny Wealth Partners LLC lifted its position in shares of iShares Floating Rate Bond ETF by 8.2% in the 1st quarter. Destiny Wealth Partners LLC now owns 47,952 shares of the company’s stock worth $2,448,000 after acquiring an additional 3,614 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of iShares Floating Rate Bond ETF by 13.1% in the 1st quarter. Farther Finance Advisors LLC now owns 57,280 shares of the company’s stock worth $2,914,000 after acquiring an additional 6,627 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

FLOT opened at $50.93 on Tuesday. The stock’s 50 day simple moving average is $50.97 and its 200-day simple moving average is $50.89. iShares Floating Rate Bond ETF has a 1 year low of $49.75 and a 1 year high of $51.34.

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.