Flavin Financial Services Inc. Increases Stake in T. Rowe Price Floating Rate ETF $TFLR

Flavin Financial Services Inc. boosted its holdings in shares of T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) by 135.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,753 shares of the company’s stock after purchasing an additional 68,301 shares during the quarter. T. Rowe Price Floating Rate ETF comprises about 4.3% of Flavin Financial Services Inc.’s investment portfolio, making the stock its 4th largest position. Flavin Financial Services Inc. owned about 1.52% of T. Rowe Price Floating Rate ETF worth $6,110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Clear Investment Research LLC bought a new stake in shares of T. Rowe Price Floating Rate ETF in the 3rd quarter worth about $34,000. Fifth Third Bancorp bought a new position in shares of T. Rowe Price Floating Rate ETF in the 3rd quarter valued at about $111,000. EverSource Wealth Advisors LLC bought a new position in shares of T. Rowe Price Floating Rate ETF in the 2nd quarter valued at about $122,000. TD Waterhouse Canada Inc. grew its position in T. Rowe Price Floating Rate ETF by 37.8% in the second quarter. TD Waterhouse Canada Inc. now owns 2,860 shares of the company’s stock worth $147,000 after acquiring an additional 785 shares in the last quarter. Finally, Cranbrook Wealth Management LLC increased its stake in T. Rowe Price Floating Rate ETF by 35.3% during the third quarter. Cranbrook Wealth Management LLC now owns 3,102 shares of the company’s stock worth $160,000 after acquiring an additional 810 shares during the last quarter.

T. Rowe Price Floating Rate ETF Trading Down 0.1%

Shares of T. Rowe Price Floating Rate ETF stock opened at $50.32 on Monday. The stock has a 50 day moving average price of $51.13 and a 200-day moving average price of $51.36. T. Rowe Price Floating Rate ETF has a one year low of $48.65 and a one year high of $51.90.

T. Rowe Price Floating Rate ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, February 24th were given a $0.2552 dividend. The ex-dividend date was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

T. Rowe Price Floating Rate ETF Company Profile

The T. Rowe Price Floating Rate ETF (TFLR) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on high yield fixed income. TFLR is actively managed to invest in a broad portfolio of USD-denominated floating-rate loans TFLR was launched on Nov 16, 2022 and is managed by T. Rowe Price.