BNP Paribas Financial Markets Acquires 177,105 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

BNP Paribas Financial Markets increased its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 356.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 226,764 shares of the company’s stock after purchasing an additional 177,105 shares during the quarter. BNP Paribas Financial Markets’ holdings in iShares Floating Rate Bond ETF were worth $11,574,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at $27,000. Darwin Wealth Management LLC bought a new stake in iShares Floating Rate Bond ETF during the third quarter valued at about $27,000. Eastern Bank bought a new stake in iShares Floating Rate Bond ETF during the third quarter valued at about $41,000. Opal Wealth Advisors LLC purchased a new position in iShares Floating Rate Bond ETF in the second quarter valued at about $50,000. Finally, Bull Oak Capital LLC bought a new position in iShares Floating Rate Bond ETF in the third quarter worth about $115,000.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $51.07 on Monday. The company’s 50-day simple moving average is $50.97 and its 200-day simple moving average is $50.97. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week 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.