135,668 Shares in iShares Treasury Floating Rate Bond ETF $TFLO Acquired by Montecito Bank & Trust

Montecito Bank & Trust purchased a new position in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) during the third quarter, Holdings Channel reports. The institutional investor purchased 135,668 shares of the company’s stock, valued at approximately $6,874,000. iShares Treasury Floating Rate Bond ETF comprises 1.0% of Montecito Bank & Trust’s holdings, making the stock its 25th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of America Corp DE grew its stake in iShares Treasury Floating Rate Bond ETF by 33.0% in the 1st quarter. Bank of America Corp DE now owns 7,745,149 shares of the company’s stock valued at $392,137,000 after purchasing an additional 1,920,892 shares during the period. LPL Financial LLC boosted its holdings in shares of iShares Treasury Floating Rate Bond ETF by 6.7% in the 4th quarter. LPL Financial LLC now owns 6,756,367 shares of the company’s stock worth $340,926,000 after buying an additional 426,615 shares during the last quarter. Capital Advantage Inc. purchased a new position in shares of iShares Treasury Floating Rate Bond ETF in the 2nd quarter worth about $13,683,000. Wealthspire Advisors LLC grew its position in 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 buying an additional 266,825 shares during the period. Finally, J2 Capital Management Inc grew its position in 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 buying an additional 214,936 shares during the period.

iShares Treasury Floating Rate Bond ETF Stock Performance

NYSEARCA TFLO traded down $0.16 during trading hours on Thursday, reaching $50.51. 3,276,600 shares of the company were exchanged, compared to its average volume of 1,642,832. iShares Treasury Floating Rate Bond ETF has a 1 year low of $50.39 and a 1 year high of $50.67. The business’s 50 day simple moving average is $50.59 and its 200-day simple moving average is $50.58.

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.