Cardinal Point Capital Management ULC Purchases 125,727 Shares of iShares Treasury Floating Rate Bond ETF $TFLO

Cardinal Point Capital Management ULC grew its holdings in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 32.3% during the first quarter, Holdings Channel reports. The firm owned 514,649 shares of the company’s stock after acquiring an additional 125,727 shares during the quarter. iShares Treasury Floating Rate Bond ETF comprises about 1.6% of Cardinal Point Capital Management ULC’s holdings, making the stock its 18th largest position. Cardinal Point Capital Management ULC’s holdings in iShares Treasury Floating Rate Bond ETF were worth $26,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TFLO. AlphaCore Capital LLC bought a new position in shares of iShares Treasury Floating Rate Bond ETF during the 4th quarter worth approximately $42,267,000. Bank of America Corp DE lifted its position in shares of iShares Treasury Floating Rate Bond ETF by 9.7% during the 2nd quarter. Bank of America Corp DE now owns 7,179,094 shares of the company’s stock valued at $363,621,000 after acquiring an additional 637,336 shares during the period. LPL Financial LLC boosted its stake in iShares Treasury Floating Rate Bond ETF by 6.7% during the fourth quarter. LPL Financial LLC now owns 6,756,367 shares of the company’s stock worth $340,926,000 after acquiring an additional 426,615 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in iShares Treasury Floating Rate Bond ETF by 2,963.4% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 412,696 shares of the company’s stock worth $20,825,000 after acquiring an additional 399,224 shares in the last quarter. Finally, Arta Finance Wealth Management LLC acquired a new stake in iShares Treasury Floating Rate Bond ETF in the fourth quarter worth $13,930,000.

iShares Treasury Floating Rate Bond ETF Price Performance

TFLO stock opened at $50.60 on Thursday. The company’s 50-day moving average is $50.57 and its 200-day moving average is $50.55. iShares Treasury Floating Rate Bond ETF has a 1 year low of $50.39 and a 1 year high of $50.66.

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.