iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Hits New 52-Week High – What’s Next?

Shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $50.67 and last traded at $50.6650, with a volume of 255,970 shares traded. The stock had previously closed at $50.66.

iShares Treasury Floating Rate Bond ETF Stock Performance

The company has a 50-day moving average of $50.60 and a two-hundred day moving average of $50.57.

Institutional Trading of iShares Treasury Floating Rate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Montecito Bank & Trust acquired a new stake in shares of iShares Treasury Floating Rate Bond ETF during the third quarter valued at approximately $6,874,000. Rinkey Investments lifted its stake in shares of iShares Treasury Floating Rate Bond ETF by 20.6% in the 2nd quarter. Rinkey Investments now owns 961,211 shares of the company’s stock valued at $48,666,000 after purchasing an additional 164,450 shares during the period. Midwest Financial Partners Investments Inc. boosted its holdings in shares of iShares Treasury Floating Rate Bond ETF by 13.6% in the third quarter. Midwest Financial Partners Investments Inc. now owns 420,997 shares of the company’s stock worth $21,332,000 after buying an additional 50,517 shares during the last quarter. IFP Advisors Inc increased its stake in iShares Treasury Floating Rate Bond ETF by 22.6% during the 2nd quarter. IFP Advisors Inc now owns 363,276 shares of the company’s stock valued at $18,393,000 after purchasing an additional 66,964 shares in the last quarter. Finally, Stonebridge Financial Group LLC grew its stake in iShares Treasury Floating Rate Bond ETF by 97.1% during the 3rd quarter. Stonebridge Financial Group LLC now owns 285,566 shares of the company’s stock worth $14,470,000 after purchasing an additional 140,655 shares in the last quarter.

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.