Envestnet Asset Management Inc. Sells 490,506 Shares of iShares Floating Rate Bond ETF $FLOT

Envestnet Asset Management Inc. reduced its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 25.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,468,904 shares of the company’s stock after selling 490,506 shares during the quarter. Envestnet Asset Management Inc. owned 0.84% of iShares Floating Rate Bond ETF worth $75,039,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp bought a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at about $41,000. Greykasell Wealth Strategies Inc. acquired a new stake in iShares Floating Rate Bond ETF in the 3rd quarter valued at about $127,000. Jones Financial Companies Lllp grew its holdings in iShares Floating Rate Bond ETF by 20.8% during the third quarter. Jones Financial Companies Lllp now owns 69,436 shares of the company’s stock worth $3,547,000 after purchasing an additional 11,946 shares during the period. Essex Bank acquired a new position in iShares Floating Rate Bond ETF during the third quarter worth approximately $276,000. Finally, Meridian Wealth Management LLC acquired a new position in iShares Floating Rate Bond ETF during the third quarter worth approximately $280,000.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $50.94 on Monday. iShares Floating Rate Bond ETF has a 12-month low of $49.75 and a 12-month high of $51.34. The stock’s 50 day moving average price is $50.91 and its two-hundred day moving average price is $50.95.

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.