BTS Asset Management Inc. Reduces Stock Holdings in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

BTS Asset Management Inc. lessened its stake in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,423 shares of the company’s stock after selling 366 shares during the quarter. iShares Treasury Floating Rate Bond ETF makes up approximately 0.5% of BTS Asset Management Inc.’s investment portfolio, making the stock its 16th biggest holding. BTS Asset Management Inc.’s holdings in iShares Treasury Floating Rate Bond ETF were worth $475,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TFLO. Oxbow Advisors LLC grew its stake in shares of iShares Treasury Floating Rate Bond ETF by 59.6% during the third quarter. Oxbow Advisors LLC now owns 2,676,362 shares of the company’s stock valued at $135,424,000 after buying an additional 999,068 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of iShares Treasury Floating Rate Bond ETF by 16.1% in the second quarter. Cetera Investment Advisers now owns 2,065,105 shares of the company’s stock worth $104,618,000 after purchasing an additional 286,831 shares during the last quarter. Arbor Investment Advisors LLC increased its stake in iShares Treasury Floating Rate Bond ETF by 10.0% in the 3rd quarter. Arbor Investment Advisors LLC now owns 1,674,846 shares of the company’s stock worth $84,747,000 after buying an additional 151,847 shares during the period. BIP Wealth LLC boosted its position in iShares Treasury Floating Rate Bond ETF by 19.5% in the 3rd quarter. BIP Wealth LLC now owns 1,479,294 shares of the company’s stock valued at $74,847,000 after buying an additional 241,272 shares during the period. Finally, Axxcess Wealth Management LLC increased its position in shares of iShares Treasury Floating Rate Bond ETF by 10.6% during the third quarter. Axxcess Wealth Management LLC now owns 1,185,988 shares of the company’s stock worth $60,011,000 after acquiring an additional 113,938 shares during the period.

iShares Treasury Floating Rate Bond ETF Price Performance

TFLO opened at $50.59 on Friday. iShares Treasury Floating Rate Bond ETF has a 12-month low of $50.36 and a 12-month high of $50.71. The business’s fifty day simple moving average is $50.51 and its 200-day simple moving average is $50.52.

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.