LPL Financial LLC Trims Position in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

LPL Financial LLC trimmed its position in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,588,716 shares of the company’s stock after selling 98,111 shares during the quarter. LPL Financial LLC owned approximately 4.09% of iShares Treasury Floating Rate Bond ETF worth $282,789,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TFLO. Robinson Smith Wealth Advisors LLC grew its stake in iShares Treasury Floating Rate Bond ETF by 5.8% in the 2nd quarter. Robinson Smith Wealth Advisors LLC now owns 111,815 shares of the company’s stock worth $5,665,000 after buying an additional 6,169 shares in the last quarter. Raymond James & Associates raised its position in iShares Treasury Floating Rate Bond ETF by 3.3% during the second quarter. Raymond James & Associates now owns 307,857 shares of the company’s stock valued at $15,596,000 after purchasing an additional 9,691 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in iShares Treasury Floating Rate Bond ETF by 18.8% during the second quarter. Bank of New York Mellon Corp now owns 278,317 shares of the company’s stock worth $14,100,000 after purchasing an additional 43,967 shares during the last quarter. Dakota Wealth Management purchased a new position in shares of iShares Treasury Floating Rate Bond ETF in the 2nd quarter worth about $388,000. Finally, Total Clarity Wealth Management Inc. increased its position in shares of iShares Treasury Floating Rate Bond ETF by 31.1% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 55,442 shares of the company’s stock valued at $2,809,000 after purchasing an additional 13,147 shares during the last quarter.

iShares Treasury Floating Rate Bond ETF Stock Performance

NYSEARCA TFLO opened at $50.58 on Friday. The company has a 50-day simple moving average of $50.52 and a two-hundred day simple moving average of $50.55. iShares Treasury Floating Rate Bond ETF has a 12-month low of $50.37 and a 12-month high of $50.75.

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.