Royal Fund Management LLC Has $7.45 Million Stock Holdings in iShares Floating Rate Bond ETF $FLOT

Royal Fund Management LLC trimmed its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 53.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 146,552 shares of the company’s stock after selling 170,176 shares during the quarter. Royal Fund Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $7,454,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Focus Partners Wealth raised its position in shares of iShares Floating Rate Bond ETF by 8.9% during the first quarter. Focus Partners Wealth now owns 13,287 shares of the company’s stock worth $678,000 after purchasing an additional 1,088 shares during the period. Choreo LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 6.9% in the 2nd quarter. Choreo LLC now owns 7,926 shares of the company’s stock worth $404,000 after purchasing an additional 515 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in iShares Floating Rate Bond ETF by 62.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 133,765 shares of the company’s stock valued at $6,825,000 after purchasing an additional 51,385 shares during the period. VestGen Advisors LLC grew its position in iShares Floating Rate Bond ETF by 15.1% in the 2nd quarter. VestGen Advisors LLC now owns 82,030 shares of the company’s stock valued at $4,185,000 after purchasing an additional 10,748 shares during the period. Finally, Edgestream Partners L.P. increased its stake in iShares Floating Rate Bond ETF by 122.2% during the 2nd quarter. Edgestream Partners L.P. now owns 45,100 shares of the company’s stock valued at $2,301,000 after purchasing an additional 24,800 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

FLOT opened at $50.83 on Tuesday. The company’s fifty day moving average price is $50.93 and its two-hundred day moving average price is $50.94. iShares Floating Rate Bond ETF has a 1-year low of $49.75 and a 1-year high of $51.34.

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.