Envestnet Portfolio Solutions Inc. Sells 68,162 Shares of iShares Floating Rate Bond ETF $FLOT

Envestnet Portfolio Solutions Inc. decreased its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 70.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,739 shares of the company’s stock after selling 68,162 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares Floating Rate Bond ETF were worth $1,466,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FLOT. Ameriprise Financial Inc. lifted its stake in iShares Floating Rate Bond ETF by 143.4% in the 1st quarter. Ameriprise Financial Inc. now owns 2,611,975 shares of the company’s stock valued at $133,006,000 after purchasing an additional 1,538,926 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in iShares Floating Rate Bond ETF in the 2nd quarter valued at approximately $61,900,000. Royal Bank of Canada lifted its stake in iShares Floating Rate Bond ETF by 59.0% in the 1st quarter. Royal Bank of Canada now owns 2,351,795 shares of the company’s stock valued at $120,058,000 after purchasing an additional 872,352 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of iShares Floating Rate Bond ETF by 1,841.4% during the first quarter. Verdence Capital Advisors LLC now owns 761,857 shares of the company’s stock valued at $38,893,000 after acquiring an additional 722,615 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of iShares Floating Rate Bond ETF by 20.0% during the first quarter. LPL Financial LLC now owns 4,265,149 shares of the company’s stock valued at $217,736,000 after acquiring an additional 709,617 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.0%

FLOT stock opened at $50.96 on Friday. The company has a fifty day moving average price of $50.97 and a 200-day moving average price of $50.89. iShares Floating Rate Bond ETF has a 52-week low of $49.75 and a 52-week high of $51.34.

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.