Eagle Ridge Investment Management Acquires 13,441 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Eagle Ridge Investment Management raised its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 252,261 shares of the company’s stock after purchasing an additional 13,441 shares during the quarter. iShares Floating Rate Bond ETF accounts for about 1.9% of Eagle Ridge Investment Management’s portfolio, making the stock its 17th largest position. Eagle Ridge Investment Management’s holdings in iShares Floating Rate Bond ETF were worth $12,848,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its position in iShares Floating Rate Bond ETF by 21.6% during the first quarter. Envestnet Asset Management Inc. now owns 4,597,112 shares of the company’s stock valued at $234,039,000 after purchasing an additional 817,065 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of iShares Floating Rate Bond ETF by 4.8% in the first quarter. Janney Montgomery Scott LLC now owns 1,578,099 shares of the company’s stock valued at $80,341,000 after acquiring an additional 71,696 shares during the period. Assetmark Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 139.8% in the first quarter. Assetmark Inc. now owns 1,265,087 shares of the company’s stock valued at $64,406,000 after acquiring an additional 737,434 shares during the period. AJ Wealth Strategies LLC raised its stake in shares of iShares Floating Rate Bond ETF by 8.3% in the first quarter. AJ Wealth Strategies LLC now owns 1,058,803 shares of the company’s stock valued at $53,904,000 after acquiring an additional 81,108 shares during the period. Finally, MD Financial Management Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF in the second quarter valued at $37,673,000.

Shares of FLOT remained flat at $$50.83 during midday trading on Thursday. 522,344 shares of the stock traded hands. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10. The business has a 50-day moving average of $50.88.

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Institutional Ownership by Quarter for iShares Floating Rate Bond ETF (BATS:FLOT)

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