M&T Bank Corp Has $11.96 Million Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

M&T Bank Corp raised its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Get Rating) by 18.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 237,905 shares of the company’s stock after buying an additional 36,627 shares during the period. M&T Bank Corp’s holdings in iShares Floating Rate Bond ETF were worth $11,960,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FLOT. American National Bank bought a new position in shares of iShares Floating Rate Bond ETF during the third quarter worth $30,000. Stonebridge Capital Advisors LLC acquired a new position in iShares Floating Rate Bond ETF in the 1st quarter valued at about $32,000. Spectrum Management Group LLC boosted its holdings in iShares Floating Rate Bond ETF by 110.6% in the 3rd quarter. Spectrum Management Group LLC now owns 693 shares of the company’s stock valued at $35,000 after purchasing an additional 364 shares during the period. SeaCrest Wealth Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the 2nd quarter worth approximately $36,000. Finally, Savior LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $43,000.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT opened at $49.51 on Thursday. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10. The firm has a 50 day simple moving average of $50.54 and a 200 day simple moving average of $50.35.

iShares Floating Rate Bond ETF 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.