M&T Bank Corp Cuts Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

M&T Bank Corp decreased its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 34.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,100 shares of the company’s stock after selling 5,835 shares during the period. M&T Bank Corp’s holdings in iShares Floating Rate Bond ETF were worth $567,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pine Valley Investments Ltd Liability Co boosted its holdings in iShares Floating Rate Bond ETF by 1.5% during the second quarter. Pine Valley Investments Ltd Liability Co now owns 14,136 shares of the company’s stock worth $722,000 after buying an additional 210 shares in the last quarter. Schmidt P J Investment Management Inc. grew its holdings in shares of iShares Floating Rate Bond ETF by 4.4% during the second quarter. Schmidt P J Investment Management Inc. now owns 5,597 shares of the company’s stock valued at $286,000 after buying an additional 235 shares in the last quarter. Spire Wealth Management raised its position in iShares Floating Rate Bond ETF by 3.5% during the second quarter. Spire Wealth Management now owns 6,994 shares of the company’s stock valued at $357,000 after buying an additional 236 shares during the period. Western Financial Corp CA grew its stake in iShares Floating Rate Bond ETF by 1.9% during the 3rd quarter. Western Financial Corp CA now owns 13,592 shares of the company’s stock valued at $694,000 after acquiring an additional 256 shares in the last quarter. Finally, First Heartland Consultants Inc. boosted its holdings in shares of iShares Floating Rate Bond ETF by 3.9% during the second quarter. First Heartland Consultants Inc. now owns 7,705 shares of the company’s stock worth $394,000 after purchasing an additional 289 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS FLOT opened at $50.99 on Wednesday. The business’s 50-day moving average price is $50.96 and its two-hundred day moving average price is $50.95. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10.

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.