Independent Financial Group LLC Buys Shares of 14,940 iShares Treasury Floating Rate Bond ETF $TFLO

Independent Financial Group LLC bought a new position in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) in the first quarter, HoldingsChannel reports. The institutional investor bought 14,940 shares of the company’s stock, valued at approximately $756,000.

Several other hedge funds have also recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in shares of iShares Treasury Floating Rate Bond ETF by 9.7% during the second quarter. Bank of America Corp DE now owns 7,179,094 shares of the company’s stock valued at $363,621,000 after purchasing an additional 637,336 shares in the last quarter. LPL Financial LLC raised its position in iShares Treasury Floating Rate Bond ETF by 6.7% in the 4th quarter. LPL Financial LLC now owns 6,756,367 shares of the company’s stock worth $340,926,000 after buying an additional 426,615 shares during the last quarter. Mariner LLC raised its position in iShares Treasury Floating Rate Bond ETF by 1.9% in the 3rd quarter. Mariner LLC now owns 1,742,187 shares of the company’s stock worth $88,137,000 after buying an additional 32,589 shares during the last quarter. Wealthspire Advisors LLC lifted its stake in iShares Treasury Floating Rate Bond ETF by 18.3% during the 4th quarter. Wealthspire Advisors LLC now owns 1,724,436 shares of the company’s stock valued at $87,015,000 after acquiring an additional 266,825 shares during the period. Finally, Arbor Investment Advisors LLC lifted its stake in iShares Treasury Floating Rate Bond ETF by 8.3% during the 1st quarter. Arbor Investment Advisors LLC now owns 1,337,826 shares of the company’s stock valued at $67,734,000 after acquiring an additional 102,751 shares during the period.

iShares Treasury Floating Rate Bond ETF Stock Performance

TFLO opened at $50.60 on Wednesday. iShares Treasury Floating Rate Bond ETF has a 12 month low of $50.39 and a 12 month high of $50.66. The stock has a 50-day moving average of $50.57 and a 200 day moving average of $50.56.

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.