Sagace Wealth Management LLC Takes Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Sagace Wealth Management LLC acquired a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the fourth quarter, HoldingsChannel reports. The fund acquired 39,223 shares of the company’s stock, valued at approximately $1,996,000. iShares Floating Rate Bond ETF makes up approximately 1.5% of Sagace Wealth Management LLC’s investment portfolio, making the stock its 25th largest holding.

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

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT stock opened at $51.00 on Thursday. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The business has a fifty day simple moving average of $50.93 and a 200 day simple 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.