iShares Floating Rate Bond ETF $FLOT Position Reduced by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 10.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,959,410 shares of the company’s stock after selling 229,022 shares during the quarter. Envestnet Asset Management Inc. owned 1.12% of iShares Floating Rate Bond ETF worth $99,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Tompkins Financial Corp purchased a new stake in shares of iShares Floating Rate Bond ETF in the second quarter worth approximately $25,000. NorthRock Partners LLC lifted its position in shares of iShares Floating Rate Bond ETF by 269.5% in the first quarter. NorthRock Partners LLC now owns 521 shares of the company’s stock worth $27,000 after purchasing an additional 380 shares in the last quarter. Asset Dedication LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the first quarter worth approximately $29,000. WASHINGTON TRUST Co lifted its position in shares of iShares Floating Rate Bond ETF by 242.6% in the first quarter. WASHINGTON TRUST Co now owns 692 shares of the company’s stock worth $35,000 after purchasing an additional 490 shares in the last quarter. Finally, TFC Financial Management Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF in the second quarter worth approximately $40,000.

iShares Floating Rate Bond ETF Price Performance

BATS FLOT opened at $51.06 on Thursday. iShares Floating Rate Bond ETF has a 52-week low of $49.75 and a 52-week high of $51.34. The company has a 50 day simple moving average of $50.98 and a 200-day simple moving average of $50.92.

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.