Farther Finance Advisors LLC Grows Stake in T. Rowe Price Floating Rate ETF $TFLR

Farther Finance Advisors LLC grew its holdings in shares of T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) by 10,280.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,235 shares of the company’s stock after purchasing an additional 27,963 shares during the period. Farther Finance Advisors LLC owned approximately 0.30% of T. Rowe Price Floating Rate ETF worth $1,451,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TFLR. Clear Investment Research LLC purchased a new stake in T. Rowe Price Floating Rate ETF in the third quarter valued at about $34,000. Fifth Third Bancorp acquired a new stake in T. Rowe Price Floating Rate ETF in the third quarter worth about $111,000. EverSource Wealth Advisors LLC purchased a new stake in shares of T. Rowe Price Floating Rate ETF during the second quarter worth about $122,000. Cranbrook Wealth Management LLC grew its stake in shares of 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. Finally, Formidable Asset Management LLC acquired a new position in shares of T. Rowe Price Floating Rate ETF during the fourth quarter valued at about $242,000.

T. Rowe Price Floating Rate ETF Trading Up 0.1%

TFLR stock opened at $50.92 on Tuesday. T. Rowe Price Floating Rate ETF has a 52 week low of $49.77 and a 52 week high of $51.90. The firm has a 50 day moving average of $50.61 and a 200 day moving average of $51.14.

T. Rowe Price Floating Rate ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, February 24th were given a dividend of $0.2552 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

About T. Rowe Price Floating Rate ETF

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.