Portfolio Design Labs LLC Increases Position in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

Portfolio Design Labs LLC raised its position in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 19.5% in the fourth quarter, Holdings Channel reports. The fund owned 616,781 shares of the company’s stock after buying an additional 100,781 shares during the quarter. iShares Treasury Floating Rate Bond ETF comprises approximately 6.4% of Portfolio Design Labs LLC’s investment portfolio, making the stock its biggest holding. Portfolio Design Labs LLC’s holdings in iShares Treasury Floating Rate Bond ETF were worth $31,129,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oxbow Advisors LLC increased its position in iShares Treasury Floating Rate Bond ETF by 59.6% during the third quarter. Oxbow Advisors LLC now owns 2,676,362 shares of the company’s stock worth $135,424,000 after acquiring an additional 999,068 shares during the period. Optivise Advisory Services LLC bought a new stake in iShares Treasury Floating Rate Bond ETF in the 3rd quarter valued at $33,973,000. Strategic Financial Concepts LLC grew its position in iShares Treasury Floating Rate Bond ETF by 4,069.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 485,129 shares of the company’s stock worth $24,484,000 after purchasing an additional 473,495 shares during the last quarter. J2 Capital Management Inc bought a new position in shares of iShares Treasury Floating Rate Bond ETF during the 4th quarter worth about $17,111,000. Finally, Ascent Group LLC raised its position in shares of iShares Treasury Floating Rate Bond ETF by 475.5% during the third quarter. Ascent Group LLC now owns 341,911 shares of the company’s stock valued at $17,301,000 after buying an additional 282,502 shares during the last quarter.

iShares Treasury Floating Rate Bond ETF Trading Down 0.0 %

NYSEARCA TFLO opened at $50.55 on Wednesday. iShares Treasury Floating Rate Bond ETF has a twelve month low of $50.36 and a twelve month high of $50.71. The firm has a 50-day simple moving average of $50.52 and a 200 day simple moving average of $50.53.

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.