iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Stock Price Break Above 200-Day Moving Average – Here’s What Happened

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)’s share price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $50.58 and traded as high as $50.59. iShares Treasury Floating Rate Bond ETF shares last traded at $50.59, with a volume of 2,536,436 shares traded.

iShares Treasury Floating Rate Bond ETF Price Performance

The company has a 50-day moving average price of $50.59 and a two-hundred day moving average price of $50.58.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Montecito Bank & Trust purchased a new stake in shares of iShares Treasury Floating Rate Bond ETF in the third quarter worth about $6,874,000. Arta Finance Wealth Management LLC boosted its position in shares of iShares Treasury Floating Rate Bond ETF by 9.6% in the third quarter. Arta Finance Wealth Management LLC now owns 236,918 shares of the company’s stock valued at $11,967,000 after acquiring an additional 20,788 shares during the period. Rinkey Investments boosted its position in shares of iShares Treasury Floating Rate Bond ETF by 20.6% in the second quarter. Rinkey Investments now owns 961,211 shares of the company’s stock valued at $48,666,000 after acquiring an additional 164,450 shares during the period. Midwest Financial Partners Investments Inc. grew its stake in iShares Treasury Floating Rate Bond ETF by 13.6% during the third quarter. Midwest Financial Partners Investments Inc. now owns 420,997 shares of the company’s stock valued at $21,332,000 after acquiring an additional 50,517 shares in the last quarter. Finally, Stonebridge Financial Group LLC grew its stake in iShares Treasury Floating Rate Bond ETF by 97.1% during the third quarter. Stonebridge Financial Group LLC now owns 285,566 shares of the company’s stock valued at $14,470,000 after acquiring an additional 140,655 shares in 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.