iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Hits New 12-Month Low – Here’s Why

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $50.38 and last traded at $50.38, with a volume of 594 shares changing hands. The stock had previously closed at $50.57.

iShares Treasury Floating Rate Bond ETF Stock Up 0.0 %

The firm’s 50 day simple moving average is $50.53 and its 200 day simple moving average is $50.54.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Family Asset Management LLC bought a new stake in shares of iShares Treasury Floating Rate Bond ETF in the 2nd quarter worth approximately $41,000. Fifth Third Bancorp bought a new stake in shares of iShares Treasury Floating Rate Bond ETF during the 2nd quarter worth $63,000. Signaturefd LLC grew its holdings in shares of 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 worth $88,000 after acquiring an additional 1,193 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of iShares Treasury Floating Rate Bond ETF during the second quarter worth $127,000. Finally, First Horizon Advisors Inc. raised its position in shares of 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 purchasing an additional 2,458 shares during the period.

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.