West Branch Capital LLC Sells 240 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

West Branch Capital LLC trimmed its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,966 shares of the company’s stock after selling 240 shares during the quarter. West Branch Capital LLC’s holdings in iShares Floating Rate Bond ETF were worth $100,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FLOT. Blair William & Co. IL grew its stake in iShares Floating Rate Bond ETF by 9.7% in the second quarter. Blair William & Co. IL now owns 31,247 shares of the company’s stock worth $1,596,000 after purchasing an additional 2,765 shares during the period. AE Wealth Management LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 175.9% during the 2nd quarter. AE Wealth Management LLC now owns 25,567 shares of the company’s stock valued at $1,306,000 after buying an additional 16,299 shares in the last quarter. Certified Advisory Corp grew its position in shares of iShares Floating Rate Bond ETF by 16.5% in the 2nd quarter. Certified Advisory Corp now owns 10,575 shares of the company’s stock worth $540,000 after buying an additional 1,496 shares during the period. Semmax Financial Advisors Inc. increased its stake in shares of iShares Floating Rate Bond ETF by 7.6% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 255,753 shares of the company’s stock worth $13,000,000 after acquiring an additional 18,100 shares in the last quarter. Finally, Toronto Dominion Bank purchased a new position in iShares Floating Rate Bond ETF during the 2nd quarter valued at about $12,772,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $51.02 on Wednesday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10. The firm’s 50-day simple moving average is $50.94 and its two-hundred day simple moving average 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.