Ifrah Financial Services Inc. bought a new stake in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 484,696 shares of the company’s stock, valued at approximately $24,560,000. iShares Treasury Floating Rate Bond ETF accounts for about 6.2% of Ifrah Financial Services Inc.’s portfolio, making the stock its biggest holding.
A number of other hedge funds and other institutional investors have also modified their holdings of TFLO. Bank of America Corp DE boosted its position in shares of iShares Treasury Floating Rate Bond ETF by 33.0% in the 1st quarter. Bank of America Corp DE now owns 7,745,149 shares of the company’s stock valued at $392,137,000 after purchasing an additional 1,920,892 shares during the period. Capital Advantage Inc. acquired a new stake in iShares Treasury Floating Rate Bond ETF during the 2nd quarter worth about $13,683,000. J2 Capital Management Inc raised its holdings in iShares Treasury Floating Rate Bond ETF by 80.0% during the 1st quarter. J2 Capital Management Inc now owns 483,683 shares of the company’s stock worth $24,489,000 after buying an additional 214,936 shares during the period. Capital Asset Advisory Services LLC lifted its stake in iShares Treasury Floating Rate Bond ETF by 17.4% during the first quarter. Capital Asset Advisory Services LLC now owns 1,182,871 shares of the company’s stock valued at $59,818,000 after buying an additional 175,263 shares in the last quarter. Finally, Worth Asset Management LLC purchased a new stake in iShares Treasury Floating Rate Bond ETF during the first quarter valued at about $8,839,000.
iShares Treasury Floating Rate Bond ETF Stock Down 0.0%
TFLO stock opened at $50.57 on Wednesday. iShares Treasury Floating Rate Bond ETF has a one year low of $50.39 and a one year high of $50.67. The firm has a 50-day moving average of $50.58 and a two-hundred day moving average of $50.57.
About iShares Treasury Floating Rate Bond ETF
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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Want to see what other hedge funds are holding TFLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO – Free Report).
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