Franklin Resources Inc. Purchases 1,118,243 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Franklin Resources Inc. lifted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 31.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 4,723,569 shares of the company’s stock after acquiring an additional 1,118,243 shares during the quarter. Franklin Resources Inc.’s holdings in iShares Floating Rate Bond ETF were worth $240,430,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FLOT. Moisand Fitzgerald Tamayo LLC purchased a new stake in iShares Floating Rate Bond ETF in the third quarter worth about $27,000. Darwin Wealth Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $27,000. Eastern Bank bought a new position in shares of iShares Floating Rate Bond ETF during the third quarter valued at approximately $41,000. Bull Oak Capital LLC purchased a new position in iShares Floating Rate Bond ETF during the third quarter valued at approximately $115,000. Finally, Cranbrook Wealth Management LLC bought a new position in iShares Floating Rate Bond ETF in the second quarter worth approximately $126,000.

iShares Floating Rate Bond ETF Stock Up 0.0 %

Shares of BATS FLOT opened at $50.97 on Friday. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10. The stock’s fifty day simple moving average is $50.96 and its two-hundred day simple moving average is $50.96.

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.