RMG Wealth Management LLC Makes New Investment in iShares Floating Rate Bond ETF $FLOT

RMG Wealth Management LLC purchased a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 601,090 shares of the company’s stock, valued at approximately $30,601,000. iShares Floating Rate Bond ETF makes up about 3.6% of RMG Wealth Management LLC’s holdings, making the stock its 8th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Evolution Wealth Management Inc. bought a new stake in shares of iShares Floating Rate Bond ETF during the first quarter worth $25,000. Cornerstone Financial Management LLC bought a new stake in iShares Floating Rate Bond ETF in the 4th quarter valued at $30,000. Quarry LP bought a new stake in iShares Floating Rate Bond ETF in the 4th quarter valued at $36,000. Tucker Asset Management LLC acquired a new position in iShares Floating Rate Bond ETF in the 4th quarter worth $37,000. Finally, Bayban acquired a new position in iShares Floating Rate Bond ETF in the 4th quarter worth $37,000.

iShares Floating Rate Bond ETF Stock Performance

FLOT stock opened at $51.00 on Friday. The stock has a 50-day moving average price of $50.98 and a two-hundred day moving average price of $50.94. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 year high of $51.09.

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.