Sax Wealth Advisors LLC Sells 22,518 Shares of iShares Floating Rate Bond ETF $FLOT

Sax Wealth Advisors LLC lessened its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 9.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,365 shares of the company’s stock after selling 22,518 shares during the quarter. Sax Wealth Advisors LLC owned about 0.13% of iShares Floating Rate Bond ETF worth $11,330,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Evolution Wealth Management Inc. bought a new stake in iShares Floating Rate Bond ETF in the 1st quarter valued at about $25,000. Cornerstone Financial Management LLC acquired a new stake in iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $30,000. Quarry LP acquired a new stake in iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $36,000. Tucker Asset Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter valued at approximately $37,000. Finally, Bayban bought a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter valued at approximately $37,000.

iShares Floating Rate Bond ETF Stock Up 0.0%

Shares of BATS:FLOT opened at $50.93 on Friday. iShares Floating Rate Bond ETF has a twelve month low of $50.67 and a twelve month high of $51.09. The stock’s 50 day moving average is $50.98 and its 200-day moving average is $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.