iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Hits New 1-Year High – Still a Buy?

Shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) hit a new 52-week high during trading on Wednesday. The company traded as high as $50.67 and last traded at $50.6650, with a volume of 111142 shares. The stock had previously closed at $50.66.

iShares Treasury Floating Rate Bond ETF Stock Up 0.0%

The firm’s fifty day moving average is $50.59 and its two-hundred day moving average is $50.58.

Institutional Investors Weigh In On iShares Treasury Floating Rate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in iShares Treasury Floating Rate Bond ETF by 33.0% during the first quarter. Bank of America Corp DE now owns 7,745,149 shares of the company’s stock worth $392,137,000 after acquiring an additional 1,920,892 shares in the last quarter. LPL Financial LLC increased its stake in shares of iShares Treasury Floating Rate Bond ETF by 6.7% during the fourth quarter. LPL Financial LLC now owns 6,756,367 shares of the company’s stock valued at $340,926,000 after purchasing an additional 426,615 shares in the last quarter. Capital Advantage Inc. bought a new position in shares of iShares Treasury Floating Rate Bond ETF during the second quarter valued at approximately $13,683,000. Wealthspire Advisors LLC lifted its holdings in shares of iShares Treasury Floating Rate Bond ETF by 18.3% during the fourth quarter. Wealthspire Advisors LLC now owns 1,724,436 shares of the company’s stock valued at $87,015,000 after purchasing an additional 266,825 shares during the last quarter. Finally, J2 Capital Management Inc lifted its holdings in shares of iShares Treasury Floating Rate Bond ETF by 80.0% during the first quarter. J2 Capital Management Inc now owns 483,683 shares of the company’s stock valued at $24,489,000 after purchasing an additional 214,936 shares during 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.