Spinnaker Investment Group LLC Buys New Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Spinnaker Investment Group LLC purchased a new position in iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,100 shares of the company’s stock, valued at approximately $259,000.

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

iShares Floating Rate Bond ETF Stock Up 0.1 %

FLOT opened at $51.03 on Friday. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10. The firm’s fifty day moving average price is $50.94 and its 200 day moving average price is $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.