Envestnet Portfolio Solutions Inc. Boosts Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Envestnet Portfolio Solutions Inc. grew its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 4.7% in the 4th quarter, HoldingsChannel reports. The firm owned 95,934 shares of the company’s stock after purchasing an additional 4,271 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares Floating Rate Bond ETF were worth $4,881,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. raised its holdings in iShares Floating Rate Bond ETF by 31.0% in the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock valued at $240,430,000 after acquiring an additional 1,118,243 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in iShares Floating Rate Bond ETF by 2,108.2% in the fourth quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock valued at $231,716,000 after acquiring an additional 4,347,920 shares in the last quarter. New York Life Investment Management LLC raised its holdings in iShares Floating Rate Bond ETF by 12.8% in the fourth quarter. New York Life Investment Management LLC now owns 3,055,129 shares of the company’s stock valued at $155,445,000 after acquiring an additional 347,836 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in iShares Floating Rate Bond ETF by 15.6% in the fourth quarter. DAVENPORT & Co LLC now owns 1,284,553 shares of the company’s stock valued at $65,358,000 after acquiring an additional 172,943 shares in the last quarter. Finally, Flputnam Investment Management Co. raised its holdings in iShares Floating Rate Bond ETF by 6.0% in the fourth quarter. Flputnam Investment Management Co. now owns 1,148,745 shares of the company’s stock valued at $58,448,000 after acquiring an additional 65,134 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.0 %

Shares of BATS:FLOT opened at $50.99 on Wednesday. The firm’s 50 day moving average price is $50.99 and its 200 day moving average price is $50.95. iShares Floating Rate Bond ETF has a fifty-two week low of $50.28 and a fifty-two week high of $51.16.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.1912 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.