Destiny Wealth Partners LLC Boosts Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Destiny Wealth Partners LLC lifted its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 7.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 44,338 shares of the company’s stock after purchasing an additional 2,965 shares during the quarter. Destiny Wealth Partners LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,256,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FLOT. Franklin Resources Inc. boosted its holdings in shares of iShares Floating Rate Bond ETF by 31.0% in the 3rd quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock worth $240,430,000 after purchasing an additional 1,118,243 shares in the last quarter. US Bancorp DE boosted its holdings in shares of iShares Floating Rate Bond ETF by 143.8% in the 3rd quarter. US Bancorp DE now owns 624,945 shares of the company’s stock worth $31,897,000 after purchasing an additional 368,596 shares in the last quarter. Hartline Investment Corp boosted its holdings in shares of iShares Floating Rate Bond ETF by 284.6% in the 3rd quarter. Hartline Investment Corp now owns 398,935 shares of the company’s stock worth $20,362,000 after purchasing an additional 295,204 shares in the last quarter. Mutual Advisors LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 880.7% in the 4th quarter. Mutual Advisors LLC now owns 249,801 shares of the company’s stock worth $12,740,000 after purchasing an additional 224,329 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 510.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 229,208 shares of the company’s stock worth $11,699,000 after purchasing an additional 191,633 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.2 %

FLOT opened at $51.10 on Friday. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10. The stock has a 50-day moving average price of $50.95 and a 200-day moving average price of $50.95.

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.