iShares Floating Rate Bond ETF $FLOT Stock Purchased by Novem Group

Novem Group grew its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 75.6% during the third quarter, HoldingsChannel reports. The firm owned 29,482 shares of the company’s stock after purchasing an additional 12,688 shares during the quarter. Novem Group’s holdings in iShares Floating Rate Bond ETF were worth $1,505,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Evolution Wealth Management Inc. bought a new position in iShares Floating Rate Bond ETF in the first quarter worth about $25,000. Tompkins Financial Corp purchased a new stake in iShares Floating Rate Bond ETF in the third quarter worth about $25,000. Bayban purchased a new stake in iShares Floating Rate Bond ETF in the fourth quarter worth about $37,000. NFSG Corp purchased a new stake in iShares Floating Rate Bond ETF in the third quarter worth about $50,000. Finally, Global Assets Advisory LLC bought a new stake in iShares Floating Rate Bond ETF during the 1st quarter valued at approximately $75,000.

iShares Floating Rate Bond ETF Stock Performance

iShares Floating Rate Bond ETF stock traded down $0.01 during trading hours on Monday, hitting $50.98. 1,456,792 shares of the stock traded hands, compared to its average volume of 1,916,868. iShares Floating Rate Bond ETF has a one year low of $50.67 and a one year high of $51.08. The firm’s 50-day moving average price is $50.96 and its two-hundred day moving average price is $50.96.

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.