Larch Capital Partners LLC Purchases New Position in iShares Floating Rate Bond ETF $FLOT

Larch Capital Partners LLC purchased a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,006 shares of the company’s stock, valued at approximately $509,000. iShares Floating Rate Bond ETF comprises approximately 0.1% of Larch Capital Partners LLC’s investment portfolio, making the stock its 27th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cascade Wealth Advisors Inc increased its stake in shares of iShares Floating Rate Bond ETF by 26.3% during the third quarter. Cascade Wealth Advisors Inc now owns 246,710 shares of the company’s stock valued at $12,561,000 after buying an additional 51,392 shares during the period. Crews Bank & Trust lifted its stake in iShares Floating Rate Bond ETF by 132.3% in the fourth quarter. Crews Bank & Trust now owns 80,422 shares of the company’s stock worth $4,090,000 after acquiring an additional 45,795 shares during the period. Prevail Innovative Wealth Advisors LLC purchased a new stake in iShares Floating Rate Bond ETF in the third quarter worth $1,560,000. Apollon Wealth Management LLC boosted its holdings in iShares Floating Rate Bond ETF by 6.4% in the fourth quarter. Apollon Wealth Management LLC now owns 192,495 shares of the company’s stock valued at $9,790,000 after acquiring an additional 11,514 shares in the last quarter. Finally, Shira Ridge Wealth Management boosted its holdings in iShares Floating Rate Bond ETF by 73.6% in the fourth quarter. Shira Ridge Wealth Management now owns 138,733 shares of the company’s stock valued at $7,056,000 after acquiring an additional 58,813 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of iShares Floating Rate Bond ETF stock opened at $51.00 on Friday. The company’s fifty day simple moving average is $50.95 and its two-hundred day simple moving average is $50.92. iShares Floating Rate Bond ETF has a 12-month low of $50.67 and a 12-month high of $51.09.

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.