LPL Financial LLC lessened its stake in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO – Free Report) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,588,716 shares of the company’s stock after selling 98,111 shares during the period. LPL Financial LLC’s holdings in iShares Treasury Floating Rate Bond ETF were worth $282,789,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of TFLO. Envestnet Asset Management Inc. increased its holdings in iShares Treasury Floating Rate Bond ETF by 11.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,515,358 shares of the company’s stock valued at $178,088,000 after purchasing an additional 359,290 shares during the last quarter. Oxbow Advisors LLC lifted its holdings in shares of iShares Treasury Floating Rate Bond ETF by 59.6% during the third quarter. Oxbow Advisors LLC now owns 2,676,362 shares of the company’s stock worth $135,424,000 after purchasing an additional 999,068 shares during the period. Cetera Investment Advisers grew its holdings in iShares Treasury Floating Rate Bond ETF by 16.1% during the second quarter. Cetera Investment Advisers now owns 2,065,105 shares of the company’s stock worth $104,618,000 after acquiring an additional 286,831 shares during the period. Arbor Investment Advisors LLC grew its holdings in shares of iShares Treasury Floating Rate Bond ETF by 10.0% in the 3rd quarter. Arbor Investment Advisors LLC now owns 1,674,846 shares of the company’s stock worth $84,747,000 after acquiring an additional 151,847 shares during the period. Finally, BIP Wealth LLC grew its position in shares of iShares Treasury Floating Rate Bond ETF by 19.5% in the third quarter. BIP Wealth LLC now owns 1,479,294 shares of the company’s stock valued at $74,847,000 after purchasing an additional 241,272 shares during the last quarter.
iShares Treasury Floating Rate Bond ETF Stock Performance
Shares of NYSEARCA TFLO opened at $50.58 on Friday. iShares Treasury Floating Rate Bond ETF has a 1 year low of $50.37 and a 1 year high of $50.75. The firm’s 50 day moving average price is $50.52 and its 200 day moving average price is $50.55.
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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