Madison Investment Advisors LLC Makes New Investment in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

Madison Investment Advisors LLC acquired a new position in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) during the fourth quarter, HoldingsChannel reports. The fund acquired 283,868 shares of the company’s stock, valued at approximately $14,327,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC acquired a new stake in shares of iShares Treasury Floating Rate Bond ETF in the 4th quarter valued at approximately $28,000. Crewe Advisors LLC bought a new stake in iShares Treasury Floating Rate Bond ETF during the 4th quarter worth approximately $55,000. Principal Securities Inc. increased its stake in iShares Treasury Floating Rate Bond ETF by 56.6% during the 4th quarter. Principal Securities Inc. now owns 2,285 shares of the company’s stock worth $115,000 after purchasing an additional 826 shares in the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in iShares Treasury Floating Rate Bond ETF during the 4th quarter worth approximately $130,000. Finally, EP Wealth Advisors LLC bought a new stake in iShares Treasury Floating Rate Bond ETF during the 3rd quarter worth approximately $191,000.

iShares Treasury Floating Rate Bond ETF Price Performance

NYSEARCA TFLO opened at $50.56 on Thursday. The business has a 50 day simple moving average of $50.58 and a 200 day simple moving average of $50.54. iShares Treasury Floating Rate Bond ETF has a 52-week low of $50.36 and a 52-week high of $50.71.

iShares Treasury Floating Rate Bond ETF 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.