Kane Investment Management Inc. Lowers Stock Holdings in iShares Floating Rate Bond ETF $FLOT

Kane Investment Management Inc. cut its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 50.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 12,065 shares of the company’s stock after selling 12,212 shares during the period. Kane Investment Management Inc.’s holdings in iShares Floating Rate Bond ETF were worth $616,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. grew its position in shares of iShares Floating Rate Bond ETF by 10.8% in the second quarter. Franklin Resources Inc. now owns 3,209,096 shares of the company’s stock valued at $163,728,000 after purchasing an additional 313,769 shares during the period. New York Life Investment Management LLC lifted its position in iShares Floating Rate Bond ETF by 24.6% during the third quarter. New York Life Investment Management LLC now owns 3,077,751 shares of the company’s stock worth $157,227,000 after buying an additional 607,046 shares during the period. Glenview Trust Co boosted its stake in iShares Floating Rate Bond ETF by 3.9% in the 3rd quarter. Glenview Trust Co now owns 2,757,420 shares of the company’s stock worth $140,863,000 after buying an additional 102,353 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in iShares Floating Rate Bond ETF by 5.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,742,216 shares of the company’s stock worth $139,257,000 after buying an additional 130,241 shares during the last quarter. Finally, Glenview Trust co grew its holdings in iShares Floating Rate Bond ETF by 5.0% in the 2nd quarter. Glenview Trust co now owns 2,655,067 shares of the company’s stock valued at $135,462,000 after buying an additional 125,640 shares during the period.

iShares Floating Rate Bond ETF Stock Up 0.1%

BATS FLOT opened at $50.85 on Thursday. iShares Floating Rate Bond ETF has a 12 month low of $49.75 and a 12 month high of $51.34. The company has a 50-day moving average of $50.94 and a 200-day moving average of $50.95.

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.