RDA Financial Network Decreases Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

RDA Financial Network reduced its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 49.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,336 shares of the company’s stock after selling 20,240 shares during the quarter. RDA Financial Network’s holdings in iShares Floating Rate Bond ETF were worth $1,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. grew its position in 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 during the period. US Bancorp DE boosted its stake 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 buying an additional 368,596 shares during the last quarter. Hartline Investment Corp grew its holdings in shares of iShares Floating Rate Bond ETF by 284.6% in the third quarter. Hartline Investment Corp now owns 398,935 shares of the company’s stock worth $20,362,000 after acquiring an additional 295,204 shares during the period. Toronto Dominion Bank bought a new stake in shares of iShares Floating Rate Bond ETF in the second quarter worth $12,772,000. Finally, Hsbc Holdings PLC increased its position in iShares Floating Rate Bond ETF by 18.3% during the second quarter. Hsbc Holdings PLC now owns 1,259,703 shares of the company’s stock valued at $64,358,000 after acquiring an additional 194,624 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT opened at $51.01 on Friday. The stock’s 50-day simple moving average is $50.93 and its two-hundred day simple moving average is $50.94. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10.

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.