Verdence Capital Advisors LLC Makes New Investment in iShares Treasury Floating Rate Bond ETF $TFLO

Verdence Capital Advisors LLC purchased a new position in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) in the third quarter, Holdings Channel.com reports. The firm purchased 385,880 shares of the company’s stock, valued at approximately $19,553,000. iShares Treasury Floating Rate Bond ETF makes up approximately 0.8% of Verdence Capital Advisors LLC’s investment portfolio, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of TFLO. GC Wealth Management RIA LLC boosted its stake in shares of iShares Treasury Floating Rate Bond ETF by 6.1% in the first quarter. GC Wealth Management RIA LLC now owns 5,478 shares of the company’s stock worth $277,000 after acquiring an additional 315 shares during the period. SVB Wealth LLC grew its position in shares of iShares Treasury Floating Rate Bond ETF by 4.0% during the second quarter. SVB Wealth LLC now owns 11,829 shares of the company’s stock worth $599,000 after purchasing an additional 450 shares in the last quarter. Compass Financial Management LLC bought a new stake in iShares Treasury Floating Rate Bond ETF during the 2nd quarter valued at approximately $32,000. Milestone Asset Management LLC raised its stake in iShares Treasury Floating Rate Bond ETF by 5.4% during the 3rd quarter. Milestone Asset Management LLC now owns 12,483 shares of the company’s stock valued at $633,000 after purchasing an additional 643 shares during the period. Finally, James Investment Research Inc. raised its stake in iShares Treasury Floating Rate Bond ETF by 1.5% during the 3rd quarter. James Investment Research Inc. now owns 43,026 shares of the company’s stock valued at $2,180,000 after purchasing an additional 650 shares during the period.

iShares Treasury Floating Rate Bond ETF Price Performance

NYSEARCA TFLO opened at $50.66 on Tuesday. The stock’s 50 day moving average is $50.59 and its 200 day moving average is $50.57. iShares Treasury Floating Rate Bond ETF has a 12 month low of $50.39 and a 12 month high of $50.67.

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.