EverSource Wealth Advisors LLC Has $3.56 Million Position in iShares Floating Rate Bond ETF $FLOT

EverSource Wealth Advisors LLC lessened its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 36.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 69,977 shares of the company’s stock after selling 39,738 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $3,565,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. acquired a new position in shares of iShares Floating Rate Bond ETF in the first quarter worth $25,000. Cornerstone Financial Management LLC acquired a new stake in iShares Floating Rate Bond ETF during the fourth quarter valued at $30,000. Quarry LP purchased a new position in iShares Floating Rate Bond ETF in the fourth quarter valued at about $36,000. Tucker Asset Management LLC purchased a new position in iShares Floating Rate Bond ETF in the fourth quarter valued at about $37,000. Finally, Bayban acquired a new position in iShares Floating Rate Bond ETF in the 4th quarter worth about $37,000.

iShares Floating Rate Bond ETF Stock Down 0.1%

FLOT opened at $51.01 on Thursday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.09. The business has a 50-day moving average of $50.99 and a 200-day moving average of $50.94.

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.