Crews Bank & Trust Invests $938,000 in iShares Floating Rate Bond ETF (BATS:FLOT)

Crews Bank & Trust acquired a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,427 shares of the company’s stock, valued at approximately $938,000.

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

iShares Floating Rate Bond ETF Stock Up 0.2 %

Shares of iShares Floating Rate Bond ETF stock opened at $51.07 on Thursday. The company has a 50-day moving average of $50.94 and a two-hundred day moving average of $50.95. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month 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.