Palo Alto Wealth Advisors LLC Has $2.11 Million Stake in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

Palo Alto Wealth Advisors LLC reduced its position in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 30.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 41,734 shares of the company’s stock after selling 18,474 shares during the quarter. iShares Treasury Floating Rate Bond ETF accounts for about 0.9% of Palo Alto Wealth Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Palo Alto Wealth Advisors LLC’s holdings in iShares Treasury Floating Rate Bond ETF were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the company. Family Asset Management LLC acquired a new stake in shares of iShares Treasury Floating Rate Bond ETF in the second quarter valued at about $41,000. Fifth Third Bancorp bought a new position in shares of iShares Treasury Floating Rate Bond ETF during the 2nd quarter worth approximately $63,000. Signaturefd LLC raised its stake in iShares Treasury Floating Rate Bond ETF by 215.7% in the 2nd quarter. Signaturefd LLC now owns 1,746 shares of the company’s stock valued at $88,000 after acquiring an additional 1,193 shares during the period. Family Firm Inc. acquired a new stake in shares of iShares Treasury Floating Rate Bond ETF during the 2nd quarter worth about $127,000. Finally, First Horizon Advisors Inc. lifted its position in iShares Treasury Floating Rate Bond ETF by 201.8% during the second quarter. First Horizon Advisors Inc. now owns 3,676 shares of the company’s stock worth $186,000 after acquiring an additional 2,458 shares during the last quarter.

iShares Treasury Floating Rate Bond ETF Stock Performance

NYSEARCA TFLO traded up $0.01 on Thursday, reaching $50.53. The stock had a trading volume of 251,408 shares, compared to its average volume of 2,175,688. The firm has a fifty day moving average of $50.51 and a two-hundred day moving average of $50.55. iShares Treasury Floating Rate Bond ETF has a 1-year low of $50.37 and a 1-year high of $50.75.

iShares Treasury Floating Rate Bond ETF Profile

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.