Shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO – Get Free Report) reached a new 52-week high on Wednesday. The company traded as high as $50.67 and last traded at $50.6650, with a volume of 111142 shares trading hands. The stock had previously closed at $50.66.
iShares Treasury Floating Rate Bond ETF Stock Performance
The stock has a 50 day simple moving average of $50.59 and a 200-day simple moving average of $50.58.
Hedge Funds Weigh In On iShares Treasury Floating Rate Bond ETF
Several large investors have recently modified their holdings of the stock. Talon Private Wealth LLC grew its position in iShares Treasury Floating Rate Bond ETF by 15.6% during the 2nd quarter. Talon Private Wealth LLC now owns 6,447 shares of the company’s stock valued at $326,000 after purchasing an additional 870 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in iShares Treasury Floating Rate Bond ETF in the second quarter worth about $393,000. Lunt Capital Management Inc. raised its holdings in iShares Treasury Floating Rate Bond ETF by 23.2% in the second quarter. Lunt Capital Management Inc. now owns 125,678 shares of the company’s stock worth $6,363,000 after buying an additional 23,658 shares during the last quarter. SVB Wealth LLC lifted its stake in shares of iShares Treasury Floating Rate Bond ETF by 4.0% in the second quarter. SVB Wealth LLC now owns 11,829 shares of the company’s stock worth $599,000 after buying an additional 450 shares in the last quarter. Finally, Capital Advantage Inc. bought a new position in shares of iShares Treasury Floating Rate Bond ETF in the second quarter worth approximately $13,683,000.
iShares Treasury Floating Rate Bond ETF Company 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.
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