BlueChip Wealth Advisors LLC Makes New $419,000 Investment in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

BlueChip Wealth Advisors LLC acquired a new position in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,309 shares of the company’s stock, valued at approximately $419,000.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in iShares Treasury Floating Rate Bond ETF by 732.3% in the third quarter. Envestnet Asset Management Inc. now owns 29,367,489 shares of the company’s stock worth $1,490,106,000 after purchasing an additional 25,839,099 shares in the last quarter. LPL Financial LLC lifted its position in iShares Treasury Floating Rate Bond ETF by 113.7% during the 3rd quarter. LPL Financial LLC now owns 11,736,489 shares of the company’s stock valued at $595,509,000 after acquiring an additional 6,243,626 shares during the period. Morgan Stanley lifted its position in iShares Treasury Floating Rate Bond ETF by 86.4% during the 3rd quarter. Morgan Stanley now owns 7,477,855 shares of the company’s stock valued at $379,426,000 after acquiring an additional 3,465,283 shares during the period. UBS Group AG boosted its stake in iShares Treasury Floating Rate Bond ETF by 2.3% during the fourth quarter. UBS Group AG now owns 4,369,616 shares of the company’s stock worth $220,535,000 after acquiring an additional 97,337 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of iShares Treasury Floating Rate Bond ETF by 2.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,792,224 shares of the company’s stock valued at $191,394,000 after purchasing an additional 81,949 shares in the last quarter.

iShares Treasury Floating Rate Bond ETF Price Performance

TFLO traded up $0.02 during midday trading on Monday, hitting $50.59. 1,749,547 shares of the company traded hands, compared to its average volume of 2,581,277. The company’s 50-day moving average is $50.58 and its 200 day 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.