Envestnet Asset Management Inc. Boosts Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Envestnet Asset Management Inc. lifted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 12.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,968,004 shares of the company’s stock after buying an additional 215,886 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.37% of iShares Floating Rate Bond ETF worth $100,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FLOT. Northern Trust Corp grew its holdings in iShares Floating Rate Bond ETF by 17.3% during the 4th quarter. Northern Trust Corp now owns 4,310,607 shares of the company’s stock valued at $218,203,000 after buying an additional 636,112 shares during the last quarter. LPL Financial LLC increased its position in iShares Floating Rate Bond ETF by 9.3% during the 2nd quarter. LPL Financial LLC now owns 3,496,186 shares of the company’s stock worth $178,620,000 after purchasing an additional 298,003 shares in the last quarter. Scarborough Advisors LLC raised its stake in iShares Floating Rate Bond ETF by 1,437.5% in the 4th quarter. Scarborough Advisors LLC now owns 1,299,349 shares of the company’s stock valued at $65,773,000 after purchasing an additional 1,214,838 shares during the last quarter. Haverford Trust Co lifted its holdings in iShares Floating Rate Bond ETF by 5.3% in the 1st quarter. Haverford Trust Co now owns 1,186,233 shares of the company’s stock valued at $60,569,000 after purchasing an additional 59,769 shares in the last quarter. Finally, TRUE Private Wealth Advisors boosted its stake in shares of iShares Floating Rate Bond ETF by 39.6% during the 2nd quarter. TRUE Private Wealth Advisors now owns 1,140,216 shares of the company’s stock worth $58,254,000 after purchasing an additional 323,386 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

BATS:FLOT opened at $50.97 on Wednesday. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10. The firm has a 50 day simple moving average of $50.94 and a 200-day simple moving average of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

iShares Floating Rate Bond ETF Profile

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.