New Capital Management LP Lowers Stock Holdings in iShares Treasury Floating Rate Bond ETF $TFLO

New Capital Management LP cut its position in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 18.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 162,427 shares of the company’s stock after selling 37,911 shares during the period. iShares Treasury Floating Rate Bond ETF comprises about 2.2% of New Capital Management LP’s portfolio, making the stock its 8th biggest holding. New Capital Management LP’s holdings in iShares Treasury Floating Rate Bond ETF were worth $8,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TFLO. Smartleaf Asset Management LLC acquired a new stake in shares of iShares Treasury Floating Rate Bond ETF during the first quarter worth $26,000. Robbins Farley acquired a new stake in iShares Treasury Floating Rate Bond ETF in the 2nd quarter worth about $30,000. Independence Bank of Kentucky acquired a new stake in iShares Treasury Floating Rate Bond ETF in the 2nd quarter worth about $30,000. GPS Wealth Strategies Group LLC boosted its holdings in iShares Treasury Floating Rate Bond ETF by 250.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 704 shares of the company’s stock valued at $36,000 after purchasing an additional 503 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of iShares Treasury Floating Rate Bond ETF during the 2nd quarter worth approximately $39,000.

iShares Treasury Floating Rate Bond ETF Stock Up 0.0%

Shares of TFLO opened at $50.55 on Friday. iShares Treasury Floating Rate Bond ETF has a 12 month low of $50.37 and a 12 month high of $50.69. The firm’s 50 day moving average is $50.52 and its 200-day moving average is $50.54.

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.