First Hawaiian Bank Has $1.74 Million Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

First Hawaiian Bank cut its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 2.4% in the fourth quarter, Holdings Channel reports. The firm owned 34,093 shares of the company’s stock after selling 839 shares during the quarter. First Hawaiian Bank’s holdings in iShares Floating Rate Bond ETF were worth $1,735,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Logan Capital Management Inc. bought a new position in iShares Floating Rate Bond ETF during the third quarter worth about $25,000. Moisand Fitzgerald Tamayo LLC bought a new position in iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $27,000. Darwin Wealth Management LLC acquired a new position in iShares Floating Rate Bond ETF during the third quarter valued at approximately $27,000. Eastern Bank bought a new stake in iShares Floating Rate Bond ETF in the third quarter valued at approximately $41,000. Finally, Bull Oak Capital LLC acquired a new stake in iShares Floating Rate Bond ETF in the third quarter worth $115,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT stock opened at $50.94 on Thursday. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10. The firm has a fifty day moving average of $50.93 and a 200-day moving average 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.