First Pacific Financial Makes New $996,000 Investment in iShares Floating Rate Bond ETF $FLOT

First Pacific Financial purchased a new position in iShares Floating Rate Bond ETF (BATS:FLOT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,512 shares of the company’s stock, valued at approximately $996,000.

Several other institutional investors have also recently made changes to their positions in FLOT. Elmwood Wealth Management Inc. boosted its stake in iShares Floating Rate Bond ETF by 4.6% during the third quarter. Elmwood Wealth Management Inc. now owns 73,777 shares of the company’s stock valued at $3,766,000 after buying an additional 3,271 shares during the period. Investment Planning Advisors Inc. grew its position in iShares Floating Rate Bond ETF by 10.9% during the third quarter. Investment Planning Advisors Inc. now owns 257,539 shares of the company’s stock worth $13,147,000 after buying an additional 25,337 shares in the last quarter. Focus Financial Network Inc. grew its position in iShares Floating Rate Bond ETF by 7.4% during the third quarter. Focus Financial Network Inc. now owns 10,452 shares of the company’s stock worth $534,000 after buying an additional 722 shares in the last quarter. XY Planning Network Inc. increased its stake in iShares Floating Rate Bond ETF by 22.8% in the 3rd quarter. XY Planning Network Inc. now owns 78,425 shares of the company’s stock worth $4,004,000 after acquiring an additional 14,566 shares during the last quarter. Finally, ProCore Advisors LLC bought a new position in iShares Floating Rate Bond ETF in the 3rd quarter worth about $1,376,000.

iShares Floating Rate Bond ETF Price Performance

BATS:FLOT opened at $50.95 on Thursday. The business’s 50-day moving average price is $50.96 and its two-hundred day moving average price is $50.95. iShares Floating Rate Bond ETF has a twelve month low of $50.67 and a twelve month high of $51.08.

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.