Hamel Associates Inc. Cuts Stake in iShares Treasury Floating Rate Bond ETF $TFLO

Hamel Associates Inc. reduced its holdings in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 34.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 154,390 shares of the company’s stock after selling 81,415 shares during the period. iShares Treasury Floating Rate Bond ETF comprises approximately 2.2% of Hamel Associates Inc.’s portfolio, making the stock its 13th biggest holding. Hamel Associates Inc.’s holdings in iShares Treasury Floating Rate Bond ETF were worth $7,817,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of iShares Treasury Floating Rate Bond ETF by 9.7% in 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 purchasing an additional 637,336 shares in the last quarter. LPL Financial LLC increased its holdings in shares of iShares Treasury Floating Rate Bond ETF by 6.7% in the fourth 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 period. Mariner LLC lifted its stake in shares of 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 valued at $88,137,000 after acquiring an additional 32,589 shares during the last quarter. Wealthspire Advisors LLC lifted its stake in shares of iShares Treasury Floating Rate Bond ETF by 18.3% in 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 last quarter. Finally, Arbor Investment Advisors LLC boosted its holdings 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 $50.59 on Monday. The stock’s 50 day simple moving average is $50.56 and its 200 day simple moving average is $50.56. 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 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.