SPC Financial Inc. Grows Stake in iShares Treasury Floating Rate Bond ETF $TFLO

SPC Financial Inc. grew its holdings in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 151.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,406,426 shares of the company’s stock after purchasing an additional 846,162 shares during the quarter. iShares Treasury Floating Rate Bond ETF comprises about 6.0% of SPC Financial Inc.’s investment portfolio, making the stock its biggest position. SPC Financial Inc. owned approximately 1.06% of iShares Treasury Floating Rate Bond ETF worth $71,235,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. LPL Financial LLC raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 18.5% during the 1st quarter. LPL Financial LLC now owns 6,248,282 shares of the company’s stock valued at $316,538,000 after purchasing an additional 975,106 shares in the last quarter. BIP Wealth LLC raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 15.5% during the 1st quarter. BIP Wealth LLC now owns 1,813,204 shares of the company’s stock valued at $91,857,000 after purchasing an additional 242,881 shares in the last quarter. Capital Asset Advisory Services LLC raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 2.8% during the 2nd quarter. Capital Asset Advisory Services LLC now owns 1,312,504 shares of the company’s stock valued at $66,242,000 after purchasing an additional 36,116 shares in the last quarter. Wealthspire Advisors LLC raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 4.0% during the 1st quarter. Wealthspire Advisors LLC now owns 1,266,068 shares of the company’s stock valued at $64,139,000 after purchasing an additional 48,964 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 19.0% during the 1st quarter. Royal Bank of Canada now owns 1,247,275 shares of the company’s stock valued at $63,186,000 after purchasing an additional 198,824 shares in the last quarter.

iShares Treasury Floating Rate Bond ETF Stock Performance

iShares Treasury Floating Rate Bond ETF stock opened at $50.49 on Friday. The firm’s fifty day simple moving average is $50.53 and its 200-day simple moving average is $50.55. iShares Treasury Floating Rate Bond ETF has a 1-year low of $50.36 and a 1-year 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.