iShares Floating Rate Bond ETF (BATS:FLOT) Position Increased by HighTower Advisors LLC

HighTower Advisors LLC boosted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 19.1% in the third quarter, Holdings Channel.com reports. The firm owned 323,873 shares of the company’s stock after purchasing an additional 51,863 shares during the period. HighTower Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $16,524,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth $27,000. Darwin Wealth Management LLC bought a new stake in iShares Floating Rate Bond ETF in the third quarter worth $27,000. Eastern Bank acquired a new position in iShares Floating Rate Bond ETF during the third quarter worth $41,000. Opal Wealth Advisors LLC bought a new position in iShares Floating Rate Bond ETF during the second quarter valued at about $50,000. Finally, Bull Oak Capital LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the third quarter worth about $115,000.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS FLOT opened at $50.92 on Friday. The business’s 50-day simple moving average is $50.95 and its 200-day simple moving average is $50.96. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10.

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.