Buska Wealth Management LLC Sells 28,075 Shares of iShares Floating Rate Bond ETF $FLOT

Buska Wealth Management LLC reduced its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 21.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,980 shares of the company’s stock after selling 28,075 shares during the quarter. iShares Floating Rate Bond ETF comprises about 1.9% of Buska Wealth Management LLC’s portfolio, making the stock its 15th biggest position. Buska Wealth Management LLC owned approximately 0.06% of iShares Floating Rate Bond ETF worth $5,155,000 at the end of the most recent reporting period.

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

iShares Floating Rate Bond ETF Price Performance

BATS FLOT opened at $50.92 on Wednesday. The company 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 12-month low of $50.67 and a 12-month high of $51.09.

iShares Floating Rate Bond ETF 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.