iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Sees Large Volume Increase – Still a Buy?

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) saw strong trading volume on Monday . 2,302,892 shares were traded during trading, an increase of 6% from the previous session’s volume of 2,174,746 shares.The stock last traded at $50.50 and had previously closed at $50.49.

iShares Treasury Floating Rate Bond ETF Trading Up 0.0 %

The business has a 50-day simple moving average of $50.51 and a 200-day simple moving average of $50.53.

Institutional Trading of iShares Treasury Floating Rate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Oxbow Advisors LLC increased its stake in iShares Treasury Floating Rate Bond ETF by 59.6% during the 3rd quarter. Oxbow Advisors LLC now owns 2,676,362 shares of the company’s stock worth $135,424,000 after buying an additional 999,068 shares in the last quarter. Optivise Advisory Services LLC acquired a new position in iShares Treasury Floating Rate Bond ETF in the 3rd quarter valued at $33,973,000. LPL Financial LLC lifted its holdings in iShares Treasury Floating Rate Bond ETF by 12.3% in the 2nd quarter. LPL Financial LLC now owns 5,686,827 shares of the company’s stock valued at $288,095,000 after purchasing an additional 621,738 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in iShares Treasury Floating Rate Bond ETF by 687.9% in the 2nd quarter. Strategic Financial Concepts LLC now owns 634,913 shares of the company’s stock valued at $322,000 after purchasing an additional 554,335 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its stake in iShares Treasury Floating Rate Bond ETF by 43.0% during the 2nd quarter. Wealthspire Advisors LLC now owns 1,383,075 shares of the company’s stock worth $70,067,000 after purchasing an additional 415,559 shares during the last quarter.

iShares Treasury Floating Rate Bond ETF Company 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.