iShares Floating Rate Bond ETF (BATS:FLOT) Sets New 1-Year Low at $49.47

iShares Floating Rate Bond ETF (BATS:FLOT – Get Rating) shares hit a new 52-week low on Tuesday . The stock traded as low as $49.47 and last traded at $49.88, with a volume of 7478054 shares. The stock had previously closed at $50.68.

iShares Floating Rate Bond ETF Stock Down 1.6 %

The firm has a fifty day moving average of $50.56 and a two-hundred day moving average of $50.36.

Institutional Investors Weigh In On iShares Floating Rate Bond ETF

Several large investors have recently added to or reduced their stakes in the company. UBS Group AG boosted its stake in iShares Floating Rate Bond ETF by 12.9% in the 2nd quarter. UBS Group AG now owns 4,914,844 shares of the company’s stock worth $245,350,000 after purchasing an additional 560,383 shares during the period. Wells Fargo & Company MN boosted its stake in iShares Floating Rate Bond ETF by 4.8% in the 4th quarter. Wells Fargo & Company MN now owns 4,404,196 shares of the company’s stock worth $221,663,000 after purchasing an additional 202,349 shares during the period. Franklin Resources Inc. boosted its stake in iShares Floating Rate Bond ETF by 7.0% in the 4th quarter. Franklin Resources Inc. now owns 3,586,597 shares of the company’s stock worth $180,513,000 after purchasing an additional 234,085 shares during the period. PNC Financial Services Group Inc. boosted its stake in iShares Floating Rate Bond ETF by 18.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,127,833 shares of the company’s stock worth $157,424,000 after purchasing an additional 478,850 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in iShares Floating Rate Bond ETF by 11.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,876,329 shares of the company’s stock worth $144,766,000 after purchasing an additional 293,833 shares during the period.

iShares Floating Rate Bond ETF Company Profile

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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.