Richardson Financial Services Inc. Makes New $979,000 Investment in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

Richardson Financial Services Inc. bought a new position in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 19,403 shares of the company’s stock, valued at approximately $979,000. iShares Treasury Floating Rate Bond ETF accounts for 0.9% of Richardson Financial Services Inc.’s holdings, making the stock its 27th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. Atticus Wealth Management LLC purchased a new stake in shares of iShares Treasury Floating Rate Bond ETF during the 3rd quarter worth $30,000. North Star Investment Management Corp. purchased a new stake in iShares Treasury Floating Rate Bond ETF in the fourth quarter valued at about $33,000. SouthState Corp purchased a new stake in iShares Treasury Floating Rate Bond ETF in the fourth quarter valued at about $41,000. Fifth Third Bancorp raised its stake in iShares Treasury Floating Rate Bond ETF by 545.7% in the fourth quarter. Fifth Third Bancorp now owns 1,724 shares of the company’s stock valued at $87,000 after buying an additional 1,457 shares during the last quarter. Finally, Criterion Capital Advisors LLC purchased a new stake in iShares Treasury Floating Rate Bond ETF in the fourth quarter valued at about $98,000.

iShares Treasury Floating Rate Bond ETF Trading Up 0.0 %

iShares Treasury Floating Rate Bond ETF stock traded up $0.01 during midday trading on Friday, reaching $50.57. The company’s stock had a trading volume of 1,086,952 shares, compared to its average volume of 2,588,479. The stock’s 50-day simple moving average is $50.58 and its 200-day simple moving average is $50.57. iShares Treasury Floating Rate Bond ETF has a 52-week low of $50.37 and a 52-week high of $50.76.

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.