New York Life Investment Management LLC Has $157.23 Million Stock Holdings in iShares Floating Rate Bond ETF $FLOT

New York Life Investment Management LLC lifted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 24.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,077,751 shares of the company’s stock after acquiring an additional 607,046 shares during the period. iShares Floating Rate Bond ETF makes up about 1.4% of New York Life Investment Management LLC’s investment portfolio, making the stock its 15th biggest position. New York Life Investment Management LLC owned 1.76% of iShares Floating Rate Bond ETF worth $157,227,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FLOT. Bogart Wealth LLC grew its stake in shares of iShares Floating Rate Bond ETF by 68.5% in the 3rd quarter. Bogart Wealth LLC now owns 482 shares of the company’s stock valued at $25,000 after purchasing an additional 196 shares during the period. Westfuller Advisors LLC acquired a new stake in iShares Floating Rate Bond ETF in the 3rd quarter valued at $28,000. Lowe Brockenbrough & Co. Inc. bought a new stake in iShares Floating Rate Bond ETF in the third quarter valued at $30,000. SYM FINANCIAL Corp bought a new stake in iShares Floating Rate Bond ETF in the second quarter valued at $37,000. Finally, TFC Financial Management Inc. acquired a new position in iShares Floating Rate Bond ETF during the second quarter worth $40,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS:FLOT opened at $50.94 on Monday. iShares Floating Rate Bond ETF has a 52 week low of $49.75 and a 52 week high of $51.34. The company’s fifty day moving average is $50.91 and its 200-day moving average is $50.95.

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.