iShares Floating Rate Bond ETF $FLOT Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 12.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,029,454 shares of the company’s stock after purchasing an additional 230,814 shares during the quarter. PNC Financial Services Group Inc. owned 1.16% of iShares Floating Rate Bond ETF worth $103,401,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FLOT. Evolution Wealth Management Inc. purchased a new position in shares of iShares Floating Rate Bond ETF during the 1st quarter worth $25,000. Cornerstone Financial Management LLC purchased a new stake in iShares Floating Rate Bond ETF in the 4th quarter valued at about $30,000. Quarry LP acquired a new position in iShares Floating Rate Bond ETF in the fourth quarter valued at about $36,000. Tucker Asset Management LLC acquired a new position in iShares Floating Rate Bond ETF in the fourth quarter valued at about $37,000. Finally, Bayban acquired a new position in iShares Floating Rate Bond ETF in the fourth quarter valued at about $37,000.

iShares Floating Rate Bond ETF Stock Up 0.0%

Shares of FLOT stock opened at $51.00 on Thursday. The company has a 50-day moving average of $50.98 and a two-hundred day moving average of $50.94. iShares Floating Rate Bond ETF has a 1-year low of $50.67 and a 1-year high of $51.09.

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.