iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Hits New 1-Year Low – Should You Sell?

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) reached a new 52-week low during trading on Friday . The company traded as low as $50.40 and last traded at $50.40, with a volume of 3690 shares. The stock had previously closed at $50.55.

iShares Treasury Floating Rate Bond ETF Price Performance

The firm has a 50-day moving average price of $50.52 and a 200-day moving average price of $50.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC bought a new stake in shares of iShares Treasury Floating Rate Bond ETF during the first quarter valued at approximately $26,000. Whittier Trust Co. purchased a new stake in iShares Treasury Floating Rate Bond ETF during the 3rd quarter valued at $28,000. Robbins Farley bought a new stake in shares of iShares Treasury Floating Rate Bond ETF in the 2nd quarter worth $30,000. Independence Bank of Kentucky purchased a new position in shares of iShares Treasury Floating Rate Bond ETF in the second quarter worth $30,000. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of iShares Treasury Floating Rate Bond ETF by 250.2% in the second quarter. GPS Wealth Strategies Group LLC now owns 704 shares of the company’s stock worth $36,000 after purchasing an additional 503 shares during the last quarter.

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.