Compass Financial Management LLC Acquires New Shares in iShares Floating Rate Bond ETF $FLOT

Compass Financial Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 116,171 shares of the company’s stock, valued at approximately $5,930,000. iShares Floating Rate Bond ETF comprises about 0.7% of Compass Financial Management LLC’s investment portfolio, making the stock its 29th biggest position.

A number of other institutional investors also recently bought and sold shares of FLOT. Insight Wealth Strategies LLC raised its stake in shares of iShares Floating Rate Bond ETF by 7.4% during the 2nd quarter. Insight Wealth Strategies LLC now owns 86,307 shares of the company’s stock worth $4,394,000 after buying an additional 5,942 shares during the last quarter. Clarus Wealth Advisors purchased a new position in iShares Floating Rate Bond ETF during the 2nd quarter valued at about $201,000. FC Advisory LLC increased its holdings in iShares Floating Rate Bond ETF by 3.6% during the 2nd quarter. FC Advisory LLC now owns 165,424 shares of the company’s stock valued at $8,445,000 after acquiring an additional 5,681 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in iShares Floating Rate Bond ETF during the 2nd quarter valued at about $222,000. Finally, Wealthcare Advisory Partners LLC raised its position in iShares Floating Rate Bond ETF by 12.6% during the second quarter. Wealthcare Advisory Partners LLC now owns 151,400 shares of the company’s stock worth $7,729,000 after acquiring an additional 16,958 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS FLOT opened at $51.01 on Friday. The firm’s 50-day moving average is $50.98 and its two-hundred day moving average is $50.94. 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 Company 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.