Flavin Financial Services Inc. Trims Stock Position in T. Rowe Price Floating Rate ETF $TFLR

Flavin Financial Services Inc. cut its position in shares of T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) by 26.1% during the second quarter, Holdings Channel.com reports. The firm owned 50,452 shares of the company’s stock after selling 17,810 shares during the quarter. T. Rowe Price Floating Rate ETF makes up approximately 2.5% of Flavin Financial Services Inc.’s portfolio, making the stock its 13th biggest position. Flavin Financial Services Inc.’s holdings in T. Rowe Price Floating Rate ETF were worth $2,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in TFLR. Hager Investment Management Services LLC purchased a new stake in shares of T. Rowe Price Floating Rate ETF in the 1st quarter valued at approximately $39,000. Financial Connections Group Inc. raised its stake in shares of T. Rowe Price Floating Rate ETF by 24.0% in the 2nd quarter. Financial Connections Group Inc. now owns 2,067 shares of the company’s stock valued at $106,000 after acquiring an additional 400 shares during the period. Allworth Financial LP raised its stake in shares of T. Rowe Price Floating Rate ETF by 9.6% in the 1st quarter. Allworth Financial LP now owns 6,021 shares of the company’s stock valued at $307,000 after acquiring an additional 528 shares during the period. Fifth Third Securities Inc. raised its stake in shares of T. Rowe Price Floating Rate ETF by 4.4% in the 2nd quarter. Fifth Third Securities Inc. now owns 6,395 shares of the company’s stock valued at $329,000 after acquiring an additional 268 shares during the period. Finally, Hidden Cove Wealth Management LLC purchased a new stake in shares of T. Rowe Price Floating Rate ETF in the 2nd quarter valued at approximately $347,000.

T. Rowe Price Floating Rate ETF Price Performance

T. Rowe Price Floating Rate ETF stock opened at $51.44 on Friday. The company’s 50 day simple moving average is $51.54 and its 200-day simple moving average is $51.32. T. Rowe Price Floating Rate ETF has a 1 year low of $48.65 and a 1 year high of $52.40.

About T. Rowe Price Floating Rate ETF

The T. Rowe Price Floating Rate ETF (TFLR) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on high yield fixed income. TFLR is actively managed to invest in a broad portfolio of USD-denominated floating-rate loans TFLR was launched on Nov 16, 2022 and is managed by T.