JPMorgan Chase & Co. Decreases Stake in iShares Floating Rate Bond ETF $FLOT

JPMorgan Chase & Co. lessened its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 19.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,194,638 shares of the company’s stock after selling 279,921 shares during the period. JPMorgan Chase & Co.’s holdings in iShares Floating Rate Bond ETF were worth $61,028,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FLOT. Bank of America Corp DE lifted its holdings in iShares Floating Rate Bond ETF by 0.6% in the third quarter. Bank of America Corp DE now owns 8,849,172 shares of the company’s stock valued at $452,060,000 after acquiring an additional 49,559 shares during the period. Northern Trust Corp grew its stake in shares of iShares Floating Rate Bond ETF by 8.9% during the 3rd quarter. Northern Trust Corp now owns 5,021,597 shares of the company’s stock worth $256,528,000 after purchasing an additional 408,643 shares during the period. Franklin Resources Inc. grew its stake in shares of iShares Floating Rate Bond ETF by 10.8% during the 2nd quarter. Franklin Resources Inc. now owns 3,209,096 shares of the company’s stock worth $163,728,000 after purchasing an additional 313,769 shares during the period. New York Life Investment Management LLC increased its holdings in shares of iShares Floating Rate Bond ETF by 24.6% in the 3rd quarter. New York Life Investment Management LLC now owns 3,077,751 shares of the company’s stock valued at $157,227,000 after purchasing an additional 607,046 shares in the last quarter. Finally, Glenview Trust Co increased its holdings in shares of 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 valued at $140,863,000 after purchasing an additional 102,353 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.0%

Shares of BATS FLOT opened at $50.88 on Friday. iShares Floating Rate Bond ETF has a 52 week low of $49.75 and a 52 week high of $51.34. The firm has a 50-day moving average price of $50.94 and a 200 day moving average price of $50.94.

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.