Cherry Tree Wealth Management LLC trimmed its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 23.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,714 shares of the company’s stock after selling 3,043 shares during the period. Cherry Tree Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $492,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp acquired a new stake in iShares Floating Rate Bond ETF during the 4th quarter valued at $32,000. First Horizon Advisors Inc. grew its stake in iShares Floating Rate Bond ETF by 195.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock valued at $33,000 after buying an additional 434 shares during the last quarter. Planned Solutions Inc. acquired a new position in iShares Floating Rate Bond ETF in the 4th quarter valued at about $33,000. SRS Capital Advisors Inc. lifted its position in iShares Floating Rate Bond ETF by 444.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 801 shares of the company’s stock worth $41,000 after acquiring an additional 654 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA lifted its position in iShares Floating Rate Bond ETF by 64.2% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock worth $71,000 after acquiring an additional 550 shares during the last quarter.
iShares Floating Rate Bond ETF Price Performance
BATS FLOT remained flat at $50.94 on Wednesday. The company’s stock had a trading volume of 898,008 shares. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10. The stock’s fifty day moving average is $50.95 and its two-hundred day moving average is $50.83.
iShares Floating Rate Bond ETF Increases Dividend
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.
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