Avidian Wealth Enterprises LLC Lowers Position in iShares Floating Rate Bond ETF $FLOT

Avidian Wealth Enterprises LLC cut its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 4.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 14,919 shares of the company’s stock after selling 706 shares during the period. Avidian Wealth Enterprises LLC’s holdings in iShares Floating Rate Bond ETF were worth $761,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in shares of iShares Floating Rate Bond ETF by 143.4% during the 1st quarter. Ameriprise Financial Inc. now owns 2,611,975 shares of the company’s stock valued at $133,006,000 after buying an additional 1,538,926 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in iShares Floating Rate Bond ETF during the 2nd quarter valued at about $61,900,000. Royal Bank of Canada boosted its stake in iShares Floating Rate Bond ETF by 59.0% during the first quarter. Royal Bank of Canada now owns 2,351,795 shares of the company’s stock worth $120,058,000 after acquiring an additional 872,352 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in iShares Floating Rate Bond ETF by 1,841.4% in the first quarter. Verdence Capital Advisors LLC now owns 761,857 shares of the company’s stock worth $38,893,000 after purchasing an additional 722,615 shares during the period. Finally, LPL Financial LLC grew its holdings in iShares Floating Rate Bond ETF by 20.0% in the first quarter. LPL Financial LLC now owns 4,265,149 shares of the company’s stock worth $217,736,000 after purchasing an additional 709,617 shares during the period.

iShares Floating Rate Bond ETF Stock Up 0.1%

Shares of BATS FLOT opened at $51.03 on Wednesday. The company has a 50 day simple moving average of $50.97 and a two-hundred day simple moving average of $50.89. iShares Floating Rate Bond ETF has a fifty-two week low of $49.75 and a fifty-two week 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.