BATS:FLOT

51.06
0.01 (0.01%) 1d
0
BUY
Ways to play the floating rate bond market. It is an opportunity in a rising interest rate environment. Fixed income is very important when rates go up. The bond market is suggesting that the Feds and BoC will raise interest rates in late 2022 or 2023. Keep an eye out for the Fed's announcement this week.
E.T.F.'s
COMMENT
Very difficult to earn a stable and safe yield in the U.S. right now. Rates were just cut. If you can get a higher rate with your high interest savings account, think of that instead, not everything has to be in ETFs. There is an actively managed U.S. floating bond rate ETF in Canada, HUF.U is the ticker, it has wider spreads and harder to trade but because it's active and because it uses floating-rate swaps it does pay a little higher. If you are holding for the long-term and can wait to make back those transaction costs, think of HUF.U-T as an alternative to FLOT-N.
E.T.F.'s
SELL
You previously recommended it. Floating rate notes protect you as interest rates rise; the capital loss is embedded in the nominal bonds. However, if rates decline as they are now, this turns against you. Sell as the Fed cuts rates. He has sold this in favour of longer bonds. He does change his mind on stocks and ETFs, so don't buy-and-hold something forever.
E.T.F.'s
DON'T BUY

Someday this will probably be a good investment but this is not the time. The 10 year bond should be at around 5% and will get there eventually. Then there is the question of short-term interest rates, something that the central bank can control even more. We have a long time to go before they start jacking up short-term interest rates.

E.T.F.'s
COMMENT

Although it’s called “floating-rate”, it is not much of a floating-rate fund. Most of the bonds in it are not floating-rate because there aren’t many floating-rate bonds that are worth buying right now because they all earn about zero percent. This one earns about 1.3% per annum and that is probably what it is going to earn henceforth. 80% of the fund is in 2 to 5 year fixed rate bonds. Very low MER. Better than cash and very safe.

E.T.F.'s
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iShares Floating Rate Bond ETF(FLOT-N) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for iShares Floating Rate Bond ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

iShares Floating Rate Bond ETF(FLOT-N) Frequently Asked Questions

What is iShares Floating Rate Bond ETF stock symbol?

iShares Floating Rate Bond ETF is a American stock, trading under the symbol FLOT-N on the BATS Global Markets (FLOT). It is usually referred to as AMEX:FLOT or FLOT-N

Is iShares Floating Rate Bond ETF a buy or a sell?

In the last year, there was no coverage of iShares Floating Rate Bond ETF published on Stockchase.

Is iShares Floating Rate Bond ETF a good investment or a top pick?

iShares Floating Rate Bond ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for iShares Floating Rate Bond ETF.

Why is iShares Floating Rate Bond ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is iShares Floating Rate Bond ETF worth watching?

0 stock analysts on Stockchase covered iShares Floating Rate Bond ETF In the last year. It is a trending stock that is worth watching.

What is iShares Floating Rate Bond ETF stock price?

On 2024-04-26, iShares Floating Rate Bond ETF (FLOT-N) stock closed at a price of $51.055.