iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by Brookstone Capital Management

Brookstone Capital Management trimmed its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 46,366 shares of the company’s stock after selling 845 shares during the quarter. Brookstone Capital Management’s holdings in iShares Floating Rate Bond ETF were worth $2,359,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FLOT. Envestnet Asset Management Inc. lifted its position in iShares Floating Rate Bond ETF by 12.3% in the second quarter. Envestnet Asset Management Inc. now owns 1,968,004 shares of the company’s stock worth $100,545,000 after purchasing an additional 215,886 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in iShares Floating Rate Bond ETF in the second quarter worth approximately $153,000. Waterloo Capital L.P. lifted its position in iShares Floating Rate Bond ETF by 101.8% in the second quarter. Waterloo Capital L.P. now owns 126,920 shares of the company’s stock worth $6,484,000 after purchasing an additional 64,032 shares during the period. Blair William & Co. IL lifted its position in iShares Floating Rate Bond ETF by 9.7% in the second quarter. Blair William & Co. IL now owns 31,247 shares of the company’s stock worth $1,596,000 after purchasing an additional 2,765 shares during the period. Finally, Hsbc Holdings PLC lifted its position in iShares Floating Rate Bond ETF by 18.3% in the second quarter. Hsbc Holdings PLC now owns 1,259,703 shares of the company’s stock worth $64,358,000 after purchasing an additional 194,624 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

FLOT opened at $51.00 on Thursday. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10. The business has a 50 day moving average price of $50.93 and a two-hundred day moving average price of $50.94.

iShares Floating Rate Bond ETF Company 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.