Independent Advisor Alliance Buys New Stake in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

Independent Advisor Alliance acquired a new position in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) in the 4th quarter, HoldingsChannel reports. The fund acquired 15,163 shares of the company’s stock, valued at approximately $765,000.

A number of other hedge funds have also made changes to their positions in TFLO. PNC Financial Services Group Inc. lifted its stake in iShares Treasury Floating Rate Bond ETF by 177.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,255 shares of the company’s stock worth $619,000 after purchasing an additional 7,839 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in iShares Treasury Floating Rate Bond ETF during the fourth quarter worth approximately $59,654,000. SPC Financial Inc. boosted its holdings in shares of iShares Treasury Floating Rate Bond ETF by 878.7% in the 4th quarter. SPC Financial Inc. now owns 1,600,189 shares of the company’s stock valued at $80,762,000 after buying an additional 1,436,691 shares in the last quarter. Atria Investments Inc grew its position in shares of iShares Treasury Floating Rate Bond ETF by 12.1% in the 4th quarter. Atria Investments Inc now owns 222,587 shares of the company’s stock valued at $11,234,000 after buying an additional 24,045 shares during the last quarter. Finally, Assetmark Inc. raised its stake in iShares Treasury Floating Rate Bond ETF by 0.4% during the 4th quarter. Assetmark Inc. now owns 1,515,103 shares of the company’s stock worth $76,467,000 after acquiring an additional 5,308 shares in the last quarter.

iShares Treasury Floating Rate Bond ETF Price Performance

Shares of TFLO opened at $50.58 on Friday. The firm has a fifty day moving average price of $50.58 and a 200 day moving average price of $50.54. iShares Treasury Floating Rate Bond ETF has a 1-year low of $50.36 and a 1-year high of $50.71.

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.