iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Sets New 12-Month Low – Here’s What Happened

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $50.40 and last traded at $50.40, with a volume of 3690 shares traded. The stock had previously closed at $50.55.

iShares Treasury Floating Rate Bond ETF Stock Down 0.3%

The company has a 50 day simple moving average of $50.52 and a two-hundred day simple moving average of $50.54.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC purchased a new stake in iShares Treasury Floating Rate Bond ETF during the first quarter valued at approximately $26,000. Whittier Trust Co. bought a new position in shares of iShares Treasury Floating Rate Bond ETF during the 3rd quarter valued at approximately $28,000. Robbins Farley purchased a new stake in iShares Treasury Floating Rate Bond ETF during the 2nd quarter valued at $30,000. Independence Bank of Kentucky bought a new stake in iShares Treasury Floating Rate Bond ETF in the second quarter worth $30,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in iShares Treasury Floating Rate Bond ETF by 250.2% during the second quarter. GPS Wealth Strategies Group LLC now owns 704 shares of the company’s stock worth $36,000 after buying an additional 503 shares during the period.

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.