Northwestern Mutual Wealth Management Co. Lowers Position in iShares Treasury Floating Rate Bond ETF $TFLO

Northwestern Mutual Wealth Management Co. cut its holdings in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 32.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,927 shares of the company’s stock after selling 41,141 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares Treasury Floating Rate Bond ETF were worth $4,285,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of TFLO. AlphaCore Capital LLC acquired a new position in iShares Treasury Floating Rate Bond ETF during the 4th quarter worth about $42,267,000. Bank of America Corp DE raised its position in shares of iShares Treasury Floating Rate Bond ETF by 9.7% during the 2nd 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 in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in shares of iShares Treasury Floating Rate Bond ETF by 2,963.4% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 412,696 shares of the company’s stock worth $20,825,000 after acquiring an additional 399,224 shares in the last quarter. Arta Finance Wealth Management LLC acquired a new stake in shares of iShares Treasury Floating Rate Bond ETF during the 4th quarter worth about $13,930,000. Finally, Jane Street Group LLC purchased a new position in iShares Treasury Floating Rate Bond ETF during the 2nd quarter worth approximately $11,961,000.

iShares Treasury Floating Rate Bond ETF Stock Performance

NYSEARCA:TFLO opened at $50.50 on Thursday. The stock’s 50 day moving average price is $50.57 and its 200 day moving average price is $50.54. iShares Treasury Floating Rate Bond ETF has a 52-week low of $50.39 and a 52-week high of $50.66.

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.