Royal Fund Management LLC Has $2.67 Million Position in iShares Floating Rate Bond ETF $FLOT

Royal Fund Management LLC lifted its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 840.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,262 shares of the company’s stock after purchasing an additional 46,704 shares during the period. Royal Fund Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,666,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in FLOT. Northern Trust Corp increased its position in iShares Floating Rate Bond ETF by 11.0% in the 1st quarter. Northern Trust Corp now owns 4,530,501 shares of the company’s stock worth $231,282,000 after buying an additional 447,443 shares during the period. Franklin Resources Inc. grew its stake in shares of iShares Floating Rate Bond ETF by 10.8% in the second quarter. Franklin Resources Inc. now owns 3,209,096 shares of the company’s stock worth $163,728,000 after acquiring an additional 313,769 shares during the last quarter. Ameriprise Financial Inc. increased its position in iShares Floating Rate Bond ETF by 143.4% during the first quarter. Ameriprise Financial Inc. now owns 2,611,975 shares of the company’s stock worth $133,006,000 after acquiring an additional 1,538,926 shares during the period. Glenview Trust co raised its stake in iShares Floating Rate Bond ETF by 4.0% during the 1st quarter. Glenview Trust co now owns 2,529,427 shares of the company’s stock valued at $129,127,000 after purchasing an additional 97,749 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in iShares Floating Rate Bond ETF by 59.0% during the 1st quarter. Royal Bank of Canada now owns 2,351,795 shares of the company’s stock valued at $120,058,000 after purchasing an additional 872,352 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

BATS FLOT opened at $50.90 on Friday. The company’s fifty day moving average is $50.96 and its two-hundred day moving average is $50.95. iShares Floating Rate Bond ETF has a 52-week low of $49.75 and a 52-week high of $51.34.

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.