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

EverSource Wealth Advisors LLC lifted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 5.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,867 shares of the company’s stock after purchasing an additional 3,696 shares during the period. EverSource Wealth Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $3,622,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp boosted its position in shares of iShares Floating Rate Bond ETF by 17.3% during the 4th quarter. Northern Trust Corp now owns 4,310,607 shares of the company’s stock worth $218,203,000 after acquiring an additional 636,112 shares in the last quarter. LPL Financial LLC lifted its stake in iShares Floating Rate Bond ETF by 9.3% during the second quarter. LPL Financial LLC now owns 3,496,186 shares of the company’s stock worth $178,620,000 after purchasing an additional 298,003 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in iShares Floating Rate Bond ETF by 12.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,968,004 shares of the company’s stock worth $100,545,000 after purchasing an additional 215,886 shares during the last quarter. Scarborough Advisors LLC boosted its holdings in iShares Floating Rate Bond ETF by 1,437.5% in the fourth quarter. Scarborough Advisors LLC now owns 1,299,349 shares of the company’s stock valued at $65,773,000 after purchasing an additional 1,214,838 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in iShares Floating Rate Bond ETF by 18.3% during the second quarter. Hsbc Holdings PLC now owns 1,259,703 shares of the company’s stock worth $64,358,000 after purchasing an additional 194,624 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS:FLOT opened at $50.98 on Friday. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The firm has a 50 day simple moving average of $50.94 and a 200-day simple moving average of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.26 dividend. The ex-dividend date was Tuesday, September 3rd. This is an increase from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

About iShares Floating Rate Bond ETF

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.