Cardinal Point Capital Management ULC Acquires 166,392 Shares of iShares Treasury Floating Rate Bond ETF $TFLO

Cardinal Point Capital Management ULC raised its position in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 109.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 318,421 shares of the company’s stock after purchasing an additional 166,392 shares during the quarter. iShares Treasury Floating Rate Bond ETF accounts for about 1.2% of Cardinal Point Capital Management ULC’s holdings, making the stock its 20th biggest holding. Cardinal Point Capital Management ULC’s holdings in iShares Treasury Floating Rate Bond ETF were worth $16,128,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in shares of iShares Treasury Floating Rate Bond ETF by 134.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,138 shares of the company’s stock worth $1,527,000 after purchasing an additional 17,265 shares during the period. Janney Montgomery Scott LLC increased its position in iShares Treasury Floating Rate Bond ETF by 58.2% in the second quarter. Janney Montgomery Scott LLC now owns 99,200 shares of the company’s stock worth $5,024,000 after purchasing an additional 36,496 shares during the last quarter. Truist Financial Corp grew its holdings in iShares Treasury Floating Rate Bond ETF by 34.4% during the 2nd quarter. Truist Financial Corp now owns 19,389 shares of the company’s stock worth $982,000 after acquiring an additional 4,958 shares in the last quarter. Stephens Inc. AR grew its holdings in iShares Treasury Floating Rate Bond ETF by 179.9% during the 2nd quarter. Stephens Inc. AR now owns 98,919 shares of the company’s stock worth $5,010,000 after acquiring an additional 63,576 shares in the last quarter. Finally, J Hagan Capital Inc. bought a new position in iShares Treasury Floating Rate Bond ETF during the 1st quarter worth about $208,000.

iShares Treasury Floating Rate Bond ETF Stock Performance

NYSEARCA:TFLO opened at $50.54 on Friday. iShares Treasury Floating Rate Bond ETF has a fifty-two week low of $50.36 and a fifty-two week high of $50.69. The company’s 50-day simple moving average is $50.52 and its 200-day simple moving average is $50.55.

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.