EverSource Wealth Advisors LLC Grows Position in iShares Floating Rate Bond ETF (BATS:FLOT)

EverSource Wealth Advisors LLC boosted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 10.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 83,819 shares of the company’s stock after acquiring an additional 8,208 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $4,265,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Franklin Resources Inc. lifted its position in iShares Floating Rate Bond ETF by 31.0% during the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock valued at $240,430,000 after buying an additional 1,118,243 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 2,108.2% during the 4th quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock worth $231,716,000 after acquiring an additional 4,347,920 shares in the last quarter. New York Life Investment Management LLC lifted its position 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 worth $155,445,000 after buying an additional 347,836 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in iShares Floating Rate Bond ETF by 15.6% during the 4th 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 during the period. Finally, Haverford Trust Co grew its holdings in shares of iShares Floating Rate Bond ETF by 1.4% in the third quarter. Haverford Trust Co now owns 1,167,867 shares of the company’s stock worth $59,608,000 after purchasing an additional 16,112 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.1 %

FLOT stock opened at $50.95 on Wednesday. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10. The firm’s 50-day moving average is $50.98 and its 200 day moving average is $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders 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 Company 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.