Alesco Advisors LLC Reduces Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Alesco Advisors LLC decreased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,695 shares of the company’s stock after selling 325 shares during the period. Alesco Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLOT. LPL Financial LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 9.3% in the 2nd quarter. LPL Financial LLC now owns 3,496,186 shares of the company’s stock valued at $178,620,000 after acquiring an additional 298,003 shares during the last quarter. Envestnet Asset Management Inc. lifted its position 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 valued at $100,545,000 after purchasing an additional 215,886 shares during the period. Hsbc Holdings PLC boosted its holdings in iShares Floating Rate Bond ETF by 18.3% in the second quarter. Hsbc Holdings PLC now owns 1,259,703 shares of the company’s stock valued at $64,358,000 after purchasing an additional 194,624 shares during the last quarter. Haverford Trust Co grew its position in iShares Floating Rate Bond ETF by 1.4% during the 3rd 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 period. Finally, TRUE Private Wealth Advisors raised its stake in shares of iShares Floating Rate Bond ETF by 39.6% during the 2nd quarter. TRUE Private Wealth Advisors now owns 1,140,216 shares of the company’s stock valued at $58,254,000 after buying an additional 323,386 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS FLOT opened at $51.04 on Friday. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10. The company’s fifty day moving average price is $50.96 and its 200 day moving average price is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, September 3rd. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.