iShares Floating Rate Bond ETF (BATS:FLOT) Stock Position Lifted by Webster Bank N. A.

Webster Bank N. A. boosted its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 166.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,007 shares of the company’s stock after buying an additional 25,598 shares during the quarter. Webster Bank N. A.’s holdings in iShares Floating Rate Bond ETF were worth $2,086,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Continental Investors Services Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 2.6% in the 3rd quarter. Continental Investors Services Inc. now owns 7,884 shares of the company’s stock valued at $401,000 after buying an additional 202 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its position in iShares Floating Rate Bond ETF by 1.5% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 14,350 shares of the company’s stock worth $732,000 after purchasing an additional 214 shares in the last quarter. Western Financial Corp CA raised its position in iShares Floating Rate Bond ETF by 1.9% in the third quarter. Western Financial Corp CA now owns 13,592 shares of the company’s stock worth $694,000 after purchasing an additional 256 shares in the last quarter. Flagstar Advisors Inc. lifted its stake in iShares Floating Rate Bond ETF by 1.4% during the third quarter. Flagstar Advisors Inc. now owns 22,307 shares of the company’s stock worth $1,139,000 after purchasing an additional 315 shares during the period. Finally, Summit Wealth Partners LLC boosted its holdings in iShares Floating Rate Bond ETF by 7.6% during the third quarter. Summit Wealth Partners LLC now owns 4,492 shares of the company’s stock valued at $229,000 after purchasing an additional 316 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT opened at $51.05 on Monday. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10. The stock has a 50 day simple moving average of $50.94 and a 200-day simple moving average of $50.94.

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.