Money Concepts Capital Corp Invests $2.98 Million in iShares Treasury Floating Rate Bond ETF $TFLO

Money Concepts Capital Corp bought a new position in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) in the third quarter, HoldingsChannel reports. The fund bought 58,836 shares of the company’s stock, valued at approximately $2,977,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beacon Financial Group lifted its stake in shares of iShares Treasury Floating Rate Bond ETF by 17.1% in the third quarter. Beacon Financial Group now owns 432,582 shares of the company’s stock worth $21,884,000 after acquiring an additional 63,231 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in iShares Treasury Floating Rate Bond ETF during the third quarter worth $682,000. Financial Advisory Corp boosted its position in iShares Treasury Floating Rate Bond ETF by 1.4% during the third quarter. Financial Advisory Corp now owns 1,647,090 shares of the company’s stock valued at $83,326,000 after acquiring an additional 23,031 shares during the last quarter. Aquire Wealth Advisors LLC grew its holdings in iShares Treasury Floating Rate Bond ETF by 20.2% during the 3rd quarter. Aquire Wealth Advisors LLC now owns 159,392 shares of the company’s stock worth $8,064,000 after acquiring an additional 26,804 shares during the period. Finally, Capital Asset Advisory Services LLC lifted its stake in shares of iShares Treasury Floating Rate Bond ETF by 2.2% in the 3rd quarter. Capital Asset Advisory Services LLC now owns 1,341,064 shares of the company’s stock valued at $67,844,000 after purchasing an additional 28,560 shares during the period.

iShares Treasury Floating Rate Bond ETF Trading Up 0.0%

Shares of TFLO stock opened at $50.63 on Monday. iShares Treasury Floating Rate Bond ETF has a fifty-two week low of $50.39 and a fifty-two week high of $50.69. The stock has a 50 day simple moving average of $50.51 and a two-hundred day simple moving average of $50.53.

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.