Royal Bank of Canada Cuts Stock Position in iShares Treasury Floating Rate Bond ETF $TFLO

Royal Bank of Canada lessened its holdings in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 18.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,023,783 shares of the company’s stock after selling 233,995 shares during the quarter. Royal Bank of Canada’s holdings in iShares Treasury Floating Rate Bond ETF were worth $51,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its holdings in iShares Treasury Floating Rate Bond ETF by 134.1% during the first quarter. Goldman Sachs Group Inc. now owns 30,138 shares of the company’s stock worth $1,527,000 after buying an additional 17,265 shares during the last quarter. Baird Financial Group Inc. purchased a new position in iShares Treasury Floating Rate Bond ETF in the second quarter valued at about $265,000. Brown Advisory Inc. boosted its stake in iShares Treasury Floating Rate Bond ETF by 90.0% in the second quarter. Brown Advisory Inc. now owns 7,602 shares of the company’s stock valued at $385,000 after acquiring an additional 3,600 shares during the last quarter. Jane Street Group LLC bought a new position in shares of iShares Treasury Floating Rate Bond ETF during the 2nd quarter valued at approximately $11,961,000. Finally, Bank of America Corp DE grew its position in shares of iShares Treasury Floating Rate Bond ETF by 9.7% during the 2nd quarter. Bank of America Corp DE now owns 7,179,094 shares of the company’s stock valued at $363,621,000 after acquiring an additional 637,336 shares during the period.

iShares Treasury Floating Rate Bond ETF Stock Performance

Shares of TFLO stock opened at $50.66 on Monday. The company has a 50 day moving average of $50.58 and a 200-day moving average of $50.57. iShares Treasury Floating Rate Bond ETF has a 12-month low of $50.39 and a 12-month high of $50.67.

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.