DMC Group LLC Sells 940 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

DMC Group LLC decreased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 3.1% in the fourth quarter, Holdings Channel reports. The firm owned 29,337 shares of the company’s stock after selling 940 shares during the period. iShares Floating Rate Bond ETF accounts for 1.2% of DMC Group LLC’s investment portfolio, making the stock its 18th largest holding. DMC Group LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,493,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Logan Capital Management Inc. bought a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $25,000. Moisand Fitzgerald Tamayo LLC purchased a new position in iShares Floating Rate Bond ETF in the third quarter worth $27,000. Darwin Wealth Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the third quarter worth $27,000. Eastern Bank purchased a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at $41,000. Finally, Bull Oak Capital LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth $115,000.

iShares Floating Rate Bond ETF Stock Up 0.2 %

Shares of BATS: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 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.