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

Envestnet Asset Management Inc. cut its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 25.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,468,904 shares of the company’s stock after selling 490,506 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares Floating Rate Bond ETF were worth $75,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Hartline Investment Corp raised its holdings in iShares Floating Rate Bond ETF by 36.7% in the 3rd quarter. Hartline Investment Corp now owns 1,159,242 shares of the company’s stock valued at $59,220,000 after acquiring an additional 311,232 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of iShares Floating Rate Bond ETF by 475.4% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 136,390 shares of the company’s stock worth $6,967,000 after acquiring an additional 112,686 shares during the period. Blue Capital Inc. acquired a new position in shares of iShares Floating Rate Bond ETF in the second quarter valued at approximately $2,696,000. NTV Asset Management LLC increased its stake in shares of iShares Floating Rate Bond ETF by 44.6% during the third quarter. NTV Asset Management LLC now owns 32,621 shares of the company’s stock worth $1,666,000 after purchasing an additional 10,065 shares during the period. Finally, WorthPointe LLC bought a new position in shares of iShares Floating Rate Bond ETF during the third quarter worth approximately $653,000.

iShares Floating Rate Bond ETF Price Performance

BATS:FLOT opened at $50.94 on Monday. The stock has a 50 day simple moving average of $50.91 and a 200 day simple moving average of $50.95. iShares Floating Rate Bond ETF has a 1-year low of $49.75 and a 1-year 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.