JT Stratford LLC Trims Stock Holdings in iShares Floating Rate Bond ETF $FLOT

JT Stratford LLC lowered its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 13.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 111,833 shares of the company’s stock after selling 17,701 shares during the period. iShares Floating Rate Bond ETF comprises about 0.8% of JT Stratford LLC’s investment portfolio, making the stock its 25th largest position. JT Stratford LLC’s holdings in iShares Floating Rate Bond ETF were worth $5,713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Focus Partners Wealth increased its stake in shares of iShares Floating Rate Bond ETF by 8.9% in the 1st quarter. Focus Partners Wealth now owns 13,287 shares of the company’s stock worth $678,000 after acquiring an additional 1,088 shares in the last quarter. Atria Investments Inc grew its holdings in iShares Floating Rate Bond ETF by 17.4% in the second quarter. Atria Investments Inc now owns 34,595 shares of the company’s stock worth $1,765,000 after purchasing an additional 5,139 shares during the period. First Horizon Advisors Inc. grew its holdings in iShares Floating Rate Bond ETF by 6.4% in the second quarter. First Horizon Advisors Inc. now owns 14,608 shares of the company’s stock worth $745,000 after purchasing an additional 876 shares during the period. Ethos Financial Group LLC increased its stake in shares of iShares Floating Rate Bond ETF by 36.2% during the second quarter. Ethos Financial Group LLC now owns 9,437 shares of the company’s stock valued at $481,000 after purchasing an additional 2,510 shares in the last quarter. Finally, ETF Store Inc. increased its stake in shares of iShares Floating Rate Bond ETF by 15.3% during the second quarter. ETF Store Inc. now owns 58,902 shares of the company’s stock valued at $3,005,000 after purchasing an additional 7,809 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.1%

FLOT stock opened at $50.85 on Thursday. The firm has a 50 day moving average price of $50.94 and a 200-day moving average price of $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 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.