BIP Wealth LLC grew its holdings in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO – Free Report) by 15.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,813,204 shares of the company’s stock after purchasing an additional 242,881 shares during the quarter. iShares Treasury Floating Rate Bond ETF comprises 6.0% of BIP Wealth LLC’s portfolio, making the stock its 3rd biggest holding. BIP Wealth LLC’s holdings in iShares Treasury Floating Rate Bond ETF were worth $91,857,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of iShares Treasury Floating Rate Bond ETF in the fourth quarter valued at about $47,000. CX Institutional bought a new stake in shares of iShares Treasury Floating Rate Bond ETF in the first quarter valued at about $59,000. Dunhill Financial LLC bought a new position in iShares Treasury Floating Rate Bond ETF during the first quarter worth about $74,000. Rossby Financial LCC bought a new position in iShares Treasury Floating Rate Bond ETF during the first quarter worth about $78,000. Finally, Fifth Third Bancorp bought a new position in iShares Treasury Floating Rate Bond ETF during the first quarter worth about $83,000.
iShares Treasury Floating Rate Bond ETF Stock Performance
Shares of TFLO opened at $50.56 on Tuesday. The company has a 50-day moving average price of $50.56 and a two-hundred day moving average price of $50.57. iShares Treasury Floating Rate Bond ETF has a 12 month low of $50.36 and a 12 month high of $50.69.
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.
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