Elmwood Wealth Management Inc. Acquires 19,725 Shares of iShares Floating Rate Bond ETF $FLOT

Elmwood Wealth Management Inc. increased its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 49.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,913 shares of the company’s stock after purchasing an additional 19,725 shares during the period. Elmwood Wealth Management Inc.’s holdings in iShares Floating Rate Bond ETF were worth $3,061,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bogart Wealth LLC grew its position in shares of iShares Floating Rate Bond ETF by 68.5% during the 3rd quarter. Bogart Wealth LLC now owns 482 shares of the company’s stock worth $25,000 after buying an additional 196 shares during the period. Westfuller Advisors LLC bought a new position in iShares Floating Rate Bond ETF during the third quarter worth $28,000. Lowe Brockenbrough & Co. Inc. acquired a new stake in iShares Floating Rate Bond ETF in the third quarter worth $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. bought a new stake in iShares Floating Rate Bond ETF in the second quarter valued at $40,000.

iShares Floating Rate Bond ETF Price Performance

FLOT stock opened at $50.94 on Thursday. The company’s 50-day moving average is $50.92 and its 200-day moving average is $50.95. 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.