iShares Floating Rate Bond ETF (BATS:FLOT) Stock Position Decreased by Global Trust Asset Management LLC

Global Trust Asset Management LLC cut its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,024 shares of the company’s stock after selling 2,585 shares during the period. Global Trust Asset Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,121,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Logan Capital Management Inc. purchased a new position in iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $25,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the third quarter worth $27,000. Darwin Wealth Management LLC purchased a new position in shares of iShares Floating Rate Bond ETF during the third quarter valued at $27,000. Eastern Bank acquired a new position in iShares Floating Rate Bond ETF during the third quarter valued at $41,000. Finally, Bull Oak Capital LLC purchased a new stake in iShares Floating Rate Bond ETF in the 3rd quarter worth about $115,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS FLOT opened at $51.02 on Wednesday. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10. The business has a 50-day moving average price of $50.94 and a two-hundred day moving average price of $50.94.

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.