SVB Wealth LLC Lowers Stock Position in iShares Treasury Floating Rate Bond ETF $TFLO

SVB Wealth LLC lowered its position in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 19.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 98,715 shares of the company’s stock after selling 24,384 shares during the period. SVB Wealth LLC’s holdings in iShares Treasury Floating Rate Bond ETF were worth $5,001,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC purchased a new position in iShares Treasury Floating Rate Bond ETF during the first quarter valued at $26,000. Lionshead Wealth Management LLC lifted its position in iShares Treasury Floating Rate Bond ETF by 5.0% during the first quarter. Lionshead Wealth Management LLC now owns 61,725 shares of the company’s stock valued at $3,127,000 after buying an additional 2,953 shares during the period. Sax Wealth Advisors LLC purchased a new position in iShares Treasury Floating Rate Bond ETF during the first quarter valued at $4,983,000. Van Hulzen Asset Management LLC lifted its position in iShares Treasury Floating Rate Bond ETF by 11.8% during the first quarter. Van Hulzen Asset Management LLC now owns 163,333 shares of the company’s stock valued at $8,274,000 after buying an additional 17,266 shares during the period. Finally, Kestra Advisory Services LLC lifted its position in iShares Treasury Floating Rate Bond ETF by 4.9% during the first quarter. Kestra Advisory Services LLC now owns 47,304 shares of the company’s stock valued at $2,396,000 after buying an additional 2,199 shares during the period.

iShares Treasury Floating Rate Bond ETF Price Performance

Shares of iShares Treasury Floating Rate Bond ETF stock opened at $50.60 on Friday. The business has a fifty day simple moving average of $50.57 and a two-hundred day simple moving average of $50.57. iShares Treasury Floating Rate Bond ETF has a 12 month low of $50.36 and a 12 month high of $50.69.

iShares Treasury Floating Rate Bond ETF Profile

The iShares Treasury Floating Rate Bond ETF (TFLO) is an exchange-traded fund that mostly invests in investment grade fixed income. The iShares Treasury Floating Rate Bond ETF seeks to track the investment results of an index composed of U.S. Treasury floating rate bonds. TFLO was launched on Feb 3, 2014 and is managed by BlackRock.