Thomas J. Herzfeld Advisors Inc. Raises Position in iShares Treasury Floating Rate Bond ETF $TFLO

Thomas J. Herzfeld Advisors Inc. raised its holdings in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 2,332.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 108,689 shares of the company’s stock after purchasing an additional 104,220 shares during the quarter. iShares Treasury Floating Rate Bond ETF comprises about 2.0% of Thomas J. Herzfeld Advisors Inc.’s holdings, making the stock its 15th biggest position. Thomas J. Herzfeld Advisors Inc.’s holdings in iShares Treasury Floating Rate Bond ETF were worth $5,505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Lido Advisors LLC increased its position in shares of iShares Treasury Floating Rate Bond ETF by 2.7% during the second quarter. Lido Advisors LLC now owns 8,083 shares of the company’s stock valued at $409,000 after acquiring an additional 213 shares during the last quarter. Schmidt P J Investment Management Inc. increased its stake in shares of iShares Treasury Floating Rate Bond ETF by 5.1% during the first quarter. Schmidt P J Investment Management Inc. now owns 4,671 shares of the company’s stock worth $237,000 after buying an additional 226 shares during the period. Endowment Wealth Management Inc. lifted its position in shares of iShares Treasury Floating Rate Bond ETF by 10.5% during the 2nd quarter. Endowment Wealth Management Inc. now owns 4,425 shares of the company’s stock worth $224,000 after purchasing an additional 421 shares during the last quarter. GPS Wealth Strategies Group LLC increased its holdings in shares of iShares Treasury Floating Rate Bond ETF by 250.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 704 shares of the company’s stock valued at $36,000 after acquiring an additional 503 shares during the last quarter. Finally, Smartleaf Asset Management LLC acquired a new stake in iShares Treasury Floating Rate Bond ETF during the first quarter worth approximately $26,000.

iShares Treasury Floating Rate Bond ETF Trading Up 0.1%

TFLO opened at $50.49 on Friday. The business’s 50-day simple moving average is $50.51 and its 200-day simple moving average is $50.54. iShares Treasury Floating Rate Bond ETF has a one year low of $50.36 and a one year high of $50.69.

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.