iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLOGet Free Report) saw unusually-high trading volume on Monday . Approximately 2,302,892 shares changed hands during mid-day 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 Price Performance

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

Institutional Trading of iShares Treasury Floating Rate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Destination Wealth Management grew its stake in iShares Treasury Floating Rate Bond ETF by 1.8% in the third quarter. Destination Wealth Management now owns 41,143 shares of the company’s stock worth $2,082,000 after purchasing an additional 715 shares in the last quarter. SkyView Investment Advisors LLC purchased a new position in shares of iShares Treasury Floating Rate Bond ETF during the third quarter valued at $3,226,000. Coldstream Capital Management Inc. bought a new stake in shares of iShares Treasury Floating Rate Bond ETF in the third quarter valued at about $203,000. Strait & Sound Wealth Management LLC grew its holdings in iShares Treasury Floating Rate Bond ETF by 186.3% during the 3rd quarter. Strait & Sound Wealth Management LLC now owns 15,782 shares of the company’s stock worth $799,000 after acquiring an additional 10,269 shares in the last quarter. Finally, Brophy Wealth Management LLC purchased a new position in iShares Treasury Floating Rate Bond ETF during the 3rd quarter valued at about $895,000.

iShares Treasury Floating Rate Bond ETF Company Profile

(Get Free Report)

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.

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