HighTower Advisors LLC Buys 219,382 Shares of iShares Treasury Floating Rate Bond ETF $TFLO

HighTower Advisors LLC raised its stake in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 59.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 589,850 shares of the company’s stock after buying an additional 219,382 shares during the period. HighTower Advisors LLC’s holdings in iShares Treasury Floating Rate Bond ETF were worth $29,764,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TFLO. Bank of America Corp DE increased its position in shares of iShares Treasury Floating Rate Bond ETF by 9.7% during the second quarter. Bank of America Corp DE now owns 7,179,094 shares of the company’s stock worth $363,621,000 after acquiring an additional 637,336 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Treasury Floating Rate Bond ETF by 6.2% in the third quarter. Envestnet Asset Management Inc. now owns 2,347,201 shares of the company’s stock valued at $118,745,000 after purchasing an additional 136,476 shares during the period. Mariner LLC boosted its holdings in shares of iShares Treasury Floating Rate Bond ETF by 1.9% in the third quarter. Mariner LLC now owns 1,742,187 shares of the company’s stock valued at $88,137,000 after purchasing an additional 32,589 shares during the period. Axxcess Wealth Management LLC grew its stake in iShares Treasury Floating Rate Bond ETF by 0.6% in the third quarter. Axxcess Wealth Management LLC now owns 1,341,427 shares of the company’s stock worth $67,863,000 after purchasing an additional 8,164 shares in the last quarter. Finally, Northwest Quadrant Wealth Management LLC increased its holdings in iShares Treasury Floating Rate Bond ETF by 3.9% during the 4th quarter. Northwest Quadrant Wealth Management LLC now owns 1,099,096 shares of the company’s stock worth $55,460,000 after purchasing an additional 40,804 shares during the period.

iShares Treasury Floating Rate Bond ETF Price Performance

TFLO opened at $50.61 on Friday. iShares Treasury Floating Rate Bond ETF has a 12-month low of $50.39 and a 12-month high of $50.67. The business’s fifty day simple moving average is $50.57 and its 200-day simple moving average is $50.54.

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.