Investment Planning Advisors Inc. Invests $10.79 Million in iShares Floating Rate Bond ETF $FLOT

Investment Planning Advisors Inc. bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 211,765 shares of the company’s stock, valued at approximately $10,789,000. iShares Floating Rate Bond ETF makes up approximately 3.0% of Investment Planning Advisors Inc.’s portfolio, making the stock its 10th largest position. Investment Planning Advisors Inc. owned 0.12% of iShares Floating Rate Bond ETF at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FLOT. Cornerstone Financial Management LLC acquired a new stake in iShares Floating Rate Bond ETF during the fourth quarter worth approximately $30,000. Quarry LP purchased a new position in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at $36,000. Tucker Asset Management LLC acquired a new stake in iShares Floating Rate Bond ETF during the 4th quarter worth $37,000. Bayban purchased a new stake in iShares Floating Rate Bond ETF in the fourth quarter valued at $37,000. Finally, Lavaca Capital LLC purchased a new stake in iShares Floating Rate Bond ETF in the fourth quarter valued at $57,000.

iShares Floating Rate Bond ETF Stock Performance

FLOT opened at $51.05 on Tuesday. iShares Floating Rate Bond ETF has a one year low of $50.67 and a one year high of $51.09. The business’s 50-day simple moving average is $50.97 and its 200-day simple moving average is $50.93.

About iShares Floating Rate Bond ETF

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.