Elmwood Wealth Management Inc. Trims Stake in iShares Treasury Floating Rate Bond ETF $TFLO

Elmwood Wealth Management Inc. lessened its holdings in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 20.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,699 shares of the company’s stock after selling 44,680 shares during the quarter. iShares Treasury Floating Rate Bond ETF makes up about 2.7% of Elmwood Wealth Management Inc.’s investment portfolio, making the stock its 3rd largest holding. Elmwood Wealth Management Inc. owned about 0.13% of iShares Treasury Floating Rate Bond ETF worth $8,613,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. acquired a new position in shares of iShares Treasury Floating Rate Bond ETF in the 3rd quarter valued at about $28,000. Chapman Financial Group LLC bought a new stake in shares of iShares Treasury Floating Rate Bond ETF during the 2nd quarter valued at about $59,000. GPS Wealth Strategies Group LLC grew its position in shares of iShares Treasury Floating Rate Bond ETF by 99.4% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 1,404 shares of the company’s stock valued at $71,000 after buying an additional 700 shares during the last quarter. Addison Advisors LLC raised its stake in iShares Treasury Floating Rate Bond ETF by 149.7% during the third quarter. Addison Advisors LLC now owns 2,035 shares of the company’s stock worth $103,000 after acquiring an additional 1,220 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in iShares Treasury Floating Rate Bond ETF during the third quarter worth about $142,000.

iShares Treasury Floating Rate Bond ETF Price Performance

Shares of NYSEARCA TFLO opened at $50.60 on Monday. The firm’s 50-day moving average price is $50.56 and its two-hundred day moving average price is $50.52. iShares Treasury Floating Rate Bond ETF has a 52-week low of $50.39 and a 52-week high of $50.67.

iShares Treasury Floating Rate Bond ETF Company 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.