Drive Wealth Management LLC Makes New Investment in iShares Treasury Floating Rate Bond ETF $TFLO

Drive Wealth Management LLC bought a new stake in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 58,503 shares of the company’s stock, valued at approximately $2,960,000.

Several other hedge funds also recently added to or reduced their stakes in TFLO. Goldman Sachs Group Inc. boosted its position in shares of iShares Treasury Floating Rate Bond ETF by 134.1% in the first quarter. Goldman Sachs Group Inc. now owns 30,138 shares of the company’s stock worth $1,527,000 after buying an additional 17,265 shares during the period. Sowell Financial Services LLC acquired a new stake in iShares Treasury Floating Rate Bond ETF in the second quarter valued at approximately $230,000. MKT Advisors LLC grew its position in iShares Treasury Floating Rate Bond ETF by 6.8% in the second quarter. MKT Advisors LLC now owns 212,248 shares of the company’s stock valued at $10,712,000 after acquiring an additional 13,499 shares in the last quarter. PFS Partners LLC raised its stake in shares of iShares Treasury Floating Rate Bond ETF by 3.7% during the second quarter. PFS Partners LLC now owns 77,842 shares of the company’s stock valued at $3,943,000 after purchasing an additional 2,745 shares during the period. Finally, ORG Partners LLC lifted its position in shares of iShares Treasury Floating Rate Bond ETF by 5.7% during the second quarter. ORG Partners LLC now owns 60,550 shares of the company’s stock worth $3,066,000 after purchasing an additional 3,267 shares in the last quarter.

iShares Treasury Floating Rate Bond ETF Stock Performance

Shares of TFLO stock opened at $50.61 on Friday. The firm has a fifty day simple moving average of $50.51 and a 200-day simple moving average of $50.53. iShares Treasury Floating Rate Bond ETF has a twelve month low of $50.39 and a twelve month high of $50.69.

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.