iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Sets New 1-Year Low – Time to Sell?

Shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) reached a new 52-week low on Wednesday . The stock traded as low as $50.38 and last traded at $50.38, with a volume of 594 shares traded. The stock had previously closed at $50.57.

iShares Treasury Floating Rate Bond ETF Trading Up 0.0 %

The stock has a 50-day moving average price of $50.53 and a 200 day moving average price of $50.54.

Institutional Trading of iShares Treasury Floating Rate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Family Asset Management LLC acquired a new stake in iShares Treasury Floating Rate Bond ETF in the second quarter valued at $41,000. Fifth Third Bancorp purchased a new stake in iShares Treasury Floating Rate Bond ETF during the second quarter worth about $63,000. Signaturefd LLC grew its position in iShares Treasury Floating Rate Bond ETF by 215.7% during the second quarter. Signaturefd LLC now owns 1,746 shares of the company’s stock worth $88,000 after buying an additional 1,193 shares during the period. Family Firm Inc. purchased a new position in iShares Treasury Floating Rate Bond ETF in the second quarter valued at about $127,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of iShares Treasury Floating Rate Bond ETF during the 3rd quarter valued at approximately $191,000.

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.