Janney Montgomery Scott LLC Trims Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Janney Montgomery Scott LLC trimmed its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 71.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,594 shares of the company’s stock after selling 159,373 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares Floating Rate Bond ETF were worth $3,287,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. increased its stake in shares of iShares Floating Rate Bond ETF by 31.0% during the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock valued at $240,430,000 after purchasing an additional 1,118,243 shares in the last quarter. US Bancorp DE boosted its holdings in iShares Floating Rate Bond ETF by 143.8% in the third quarter. US Bancorp DE now owns 624,945 shares of the company’s stock worth $31,897,000 after acquiring an additional 368,596 shares in the last quarter. Hartline Investment Corp grew its stake 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 last quarter. Integrated Wealth Concepts LLC raised its position in shares of iShares Floating Rate Bond ETF by 510.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 229,208 shares of the company’s stock worth $11,699,000 after purchasing an additional 191,633 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in iShares Floating Rate Bond ETF by 356.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 226,764 shares of the company’s stock valued at $11,574,000 after purchasing an additional 177,105 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT opened at $51.10 on Friday. The firm has a 50 day moving average of $50.95 and a 200 day moving average of $50.95. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month 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.