iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Sets New 12-Month High – Time to Buy?

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) shares hit a new 52-week high on Thursday . The stock traded as high as $50.66 and last traded at $50.65, with a volume of 182104 shares trading hands. The stock had previously closed at $50.65.

iShares Treasury Floating Rate Bond ETF Price Performance

The company’s fifty day moving average price is $50.58 and its 200-day moving average price is $50.57.

Institutional Trading of iShares Treasury Floating Rate Bond ETF

Several institutional investors have recently added to or reduced their stakes in TFLO. Evolution Wealth Management Inc. purchased a new position in shares of iShares Treasury Floating Rate Bond ETF during the fourth quarter valued at approximately $32,000. Core Wealth Advisors LLC purchased a new stake in shares of iShares Treasury Floating Rate Bond ETF in the fourth quarter worth approximately $53,000. Strive Financial Group LLC purchased a new stake in shares of iShares Treasury Floating Rate Bond ETF in the fourth quarter worth approximately $55,000. Chapman Financial Group LLC bought a new stake in shares of iShares Treasury Floating Rate Bond ETF during the 2nd quarter worth approximately $59,000. Finally, Optima Capital LLC bought a new stake in shares of iShares Treasury Floating Rate Bond ETF during the 4th quarter worth approximately $62,000.

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.