Janney Montgomery Scott LLC Lowers Position in iShares Floating Rate Bond ETF $FLOT

Janney Montgomery Scott LLC cut its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 30.6% in the 1st quarter, HoldingsChannel reports. The firm owned 58,167 shares of the company’s stock after selling 25,697 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,964,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FLOT. Focus Partners Wealth boosted its holdings 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 purchasing an additional 1,088 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 70.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 11,891 shares of the company’s stock valued at $606,000 after buying an additional 4,907 shares in the last quarter. Transamerica Financial Advisors LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 5.8% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 53,539 shares of the company’s stock valued at $2,732,000 after buying an additional 2,934 shares in the last quarter. Raymond James Financial Inc. lifted its position in iShares Floating Rate Bond ETF by 13.7% in the 2nd quarter. Raymond James Financial Inc. now owns 1,124,339 shares of the company’s stock worth $57,364,000 after buying an additional 135,488 shares during the last quarter. Finally, Ausdal Financial Partners Inc. lifted its position in iShares Floating Rate Bond ETF by 30.6% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 22,304 shares of the company’s stock worth $1,138,000 after buying an additional 5,231 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.0%

FLOT opened at $50.95 on Wednesday. The business’s 50-day moving average price is $50.97 and its 200-day moving average price is $50.93. iShares Floating Rate Bond ETF has a 12 month low of $50.67 and a 12 month high of $51.09.

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.