Gries Financial LLC Reduces Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Gries Financial LLC reduced its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 44.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,768 shares of the company’s stock after selling 19,398 shares during the period. Gries Financial LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,209,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FLOT. Logan Capital Management Inc. purchased a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at about $25,000. Moisand Fitzgerald Tamayo LLC bought a new stake in iShares Floating Rate Bond ETF during the 3rd quarter valued at approximately $27,000. Darwin Wealth Management LLC bought a new stake in iShares Floating Rate Bond ETF during the 3rd quarter valued at approximately $27,000. Eastern Bank bought a new stake in iShares Floating Rate Bond ETF during the 3rd quarter valued at approximately $41,000. Finally, Bull Oak Capital LLC bought a new stake in iShares Floating Rate Bond ETF during the 3rd quarter valued at approximately $115,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT opened at $51.07 on Thursday. The business’s 50 day moving average is $50.94 and its 200 day moving average is $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.