WESCAP Management Group Inc. Cuts Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

WESCAP Management Group Inc. lessened its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 2.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 168,469 shares of the company’s stock after selling 4,080 shares during the quarter. iShares Floating Rate Bond ETF makes up 2.2% of WESCAP Management Group Inc.’s holdings, making the stock its 14th largest holding. WESCAP Management Group Inc.’s holdings in iShares Floating Rate Bond ETF were worth $8,599,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FLOT. US Bancorp DE increased its holdings in shares of iShares Floating Rate Bond ETF by 143.8% in the 3rd quarter. US Bancorp DE now owns 624,945 shares of the company’s stock worth $31,897,000 after purchasing an additional 368,596 shares in the last quarter. TRUE Private Wealth Advisors raised its position in iShares Floating Rate Bond ETF by 39.6% in the 2nd quarter. TRUE Private Wealth Advisors now owns 1,140,216 shares of the company’s stock worth $58,254,000 after buying an additional 323,386 shares during the last quarter. LPL Financial LLC raised its position in iShares Floating Rate Bond ETF by 9.3% in the 2nd quarter. LPL Financial LLC now owns 3,496,186 shares of the company’s stock worth $178,620,000 after buying an additional 298,003 shares during the last quarter. Hartline Investment Corp lifted its stake in iShares Floating Rate Bond ETF by 284.6% during the 3rd quarter. Hartline Investment Corp now owns 398,935 shares of the company’s stock valued at $20,362,000 after acquiring an additional 295,204 shares during the period. Finally, Liberty Wealth Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the second quarter worth approximately $14,535,000.

iShares Floating Rate Bond ETF Price Performance

FLOT opened at $50.89 on Friday. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The firm has a 50 day moving average price of $50.96 and a 200-day moving average price of $50.96.

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.