iShares Floating Rate Bond ETF $FLOT Shares Sold by CacheTech Inc.

CacheTech Inc. reduced its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 30.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,812 shares of the company’s stock after selling 12,438 shares during the period. CacheTech Inc.’s holdings in iShares Floating Rate Bond ETF were worth $1,417,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FLOT. PNC Financial Services Group Inc. increased its position in iShares Floating Rate Bond ETF by 12.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,029,454 shares of the company’s stock worth $103,401,000 after purchasing an additional 230,814 shares during the last quarter. Glenview Trust Co boosted its holdings in shares of iShares Floating Rate Bond ETF by 7.4% in the 1st quarter. Glenview Trust Co now owns 3,130,128 shares of the company’s stock valued at $159,480,000 after purchasing an additional 216,519 shares during the last quarter. Alpha Zero LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 21.9% in the 1st quarter. Alpha Zero LLC now owns 226,132 shares of the company’s stock valued at $11,521,000 after purchasing an additional 40,570 shares during the last quarter. Beta Wealth Group Inc. acquired a new position in shares of iShares Floating Rate Bond ETF in the 1st quarter valued at $405,000. Finally, Balefire LLC grew its stake in shares of iShares Floating Rate Bond ETF by 18.6% during the 1st quarter. Balefire LLC now owns 12,177 shares of the company’s stock valued at $620,000 after buying an additional 1,908 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

FLOT stock opened at $50.99 on Wednesday. The business has a fifty day simple moving average of $50.98 and a 200-day simple moving average of $50.94. iShares Floating Rate Bond ETF has a 52 week low of $50.67 and a 52 week 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.