Powers Advisory Group LLC Buys Shares of 9,532 iShares Floating Rate Bond ETF (BATS:FLOT)

Powers Advisory Group LLC purchased a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, Holdings Channel.com reports. The fund purchased 9,532 shares of the company’s stock, valued at approximately $485,000.

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

iShares Floating Rate Bond ETF Price Performance

FLOT opened at $51.09 on Friday. The company’s 50 day moving average price is $50.95 and its two-hundred day moving average price is $50.95. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10.

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.