iShares Floating Rate Bond ETF (BATS:FLOT) Shares Purchased by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI increased its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 508.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 113,398 shares of the company’s stock after buying an additional 94,746 shares during the quarter. Parsons Capital Management Inc. RI owned about 0.08% of iShares Floating Rate Bond ETF worth $5,770,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLOT. Franklin Resources Inc. raised its holdings in shares of iShares Floating Rate Bond ETF by 31.0% during the 3rd quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock worth $240,430,000 after acquiring an additional 1,118,243 shares during the period. Haverford Trust Co increased its position in iShares Floating Rate Bond ETF by 1.4% during the third quarter. Haverford Trust Co now owns 1,167,867 shares of the company’s stock worth $59,608,000 after purchasing an additional 16,112 shares during the last quarter. Cetera Investment Advisers raised its stake in iShares Floating Rate Bond ETF by 13.8% during the second quarter. Cetera Investment Advisers now owns 975,934 shares of the company’s stock worth $49,860,000 after purchasing an additional 118,392 shares during the period. Demars Financial Group LLC boosted its holdings in iShares Floating Rate Bond ETF by 0.9% in the 3rd quarter. Demars Financial Group LLC now owns 743,108 shares of the company’s stock valued at $37,928,000 after purchasing an additional 6,805 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of iShares Floating Rate Bond ETF by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 695,321 shares of the company’s stock valued at $35,489,000 after buying an additional 91,686 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS FLOT opened at $51.05 on Monday. The company has a 50 day simple moving average of $50.94 and a 200-day simple moving average of $50.94. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year 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.