iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Sees Unusually-High Trading Volume – What’s Next?

Shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) saw unusually-high trading volume on Friday . Approximately 1,434,405 shares were traded during trading, a decline of 27% from the previous session’s volume of 1,958,838 shares.The stock last traded at $50.68 and had previously closed at $50.65.

iShares Treasury Floating Rate Bond ETF Price Performance

The company’s 50-day simple moving average is $50.53 and its 200-day simple moving average is $50.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cedar Mountain Advisors LLC acquired a new stake in shares of iShares Treasury Floating Rate Bond ETF during the 4th quarter worth approximately $28,000. Crewe Advisors LLC bought a new position in shares of iShares Treasury Floating Rate Bond ETF during the 4th quarter worth about $55,000. Principal Securities Inc. grew its stake in shares of iShares Treasury Floating Rate Bond ETF by 56.6% in the 4th quarter. Principal Securities Inc. now owns 2,285 shares of the company’s stock valued at $115,000 after buying an additional 826 shares during the period. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of iShares Treasury Floating Rate Bond ETF in the 4th quarter valued at about $130,000. Finally, EP Wealth Advisors LLC bought a new stake in iShares Treasury Floating Rate Bond ETF in the 3rd quarter valued at about $191,000.

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.