Blackston Financial Advisory Group LLC Invests $371,000 in iShares Floating Rate Bond ETF (BATS:FLOT)

Blackston Financial Advisory Group LLC acquired a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,333 shares of the company’s stock, valued at approximately $371,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FLOT. Bank of New York Mellon Corp boosted its stake in iShares Floating Rate Bond ETF by 122.7% during the 1st quarter. Bank of New York Mellon Corp now owns 112,302 shares of the company’s stock valued at $5,674,000 after purchasing an additional 61,884 shares during the last quarter. Roundview Capital LLC raised its position in iShares Floating Rate Bond ETF by 19.2% in the 1st quarter. Roundview Capital LLC now owns 121,500 shares of the company’s stock worth $6,138,000 after buying an additional 19,580 shares during the last quarter. Citigroup Inc. lifted its stake in iShares Floating Rate Bond ETF by 976.0% during the 1st quarter. Citigroup Inc. now owns 3,228 shares of the company’s stock valued at $163,000 after acquiring an additional 2,928 shares during the period. Bank of Montreal Can boosted its holdings in shares of iShares Floating Rate Bond ETF by 9.0% during the 1st quarter. Bank of Montreal Can now owns 118,015 shares of the company’s stock valued at $5,983,000 after acquiring an additional 9,772 shares during the last quarter. Finally, Cibc World Market Inc. grew its stake in shares of iShares Floating Rate Bond ETF by 126.2% in the first quarter. Cibc World Market Inc. now owns 81,715 shares of the company’s stock worth $4,128,000 after acquiring an additional 45,589 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

Shares of iShares Floating Rate Bond ETF stock opened at $51.08 on Thursday. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The company’s 50 day moving average is $50.91 and its 200 day moving average is $50.78.

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.