Financial Advisory Corp Sells 53,222 Shares of iShares Treasury Floating Rate Bond ETF $TFLO

Financial Advisory Corp lowered its holdings in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,593,868 shares of the company’s stock after selling 53,222 shares during the quarter. iShares Treasury Floating Rate Bond ETF accounts for 11.7% of Financial Advisory Corp’s holdings, making the stock its 3rd biggest position. Financial Advisory Corp owned approximately 1.26% of iShares Treasury Floating Rate Bond ETF worth $80,427,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TFLO. Goldman Sachs Group Inc. increased its stake in shares of iShares Treasury Floating Rate Bond ETF by 134.1% in the first quarter. Goldman Sachs Group Inc. now owns 30,138 shares of the company’s stock worth $1,527,000 after acquiring an additional 17,265 shares during the period. Baird Financial Group Inc. acquired a new stake in shares of iShares Treasury Floating Rate Bond ETF in the second quarter worth $265,000. Brown Advisory Inc. increased its stake in shares of iShares Treasury Floating Rate Bond ETF by 90.0% in the second quarter. Brown Advisory Inc. now owns 7,602 shares of the company’s stock worth $385,000 after acquiring an additional 3,600 shares during the period. Jane Street Group LLC acquired a new stake in shares of iShares Treasury Floating Rate Bond ETF in the second quarter worth $11,961,000. Finally, Bank of America Corp DE increased its stake in shares of iShares Treasury Floating Rate Bond ETF by 9.7% in the second quarter. Bank of America Corp DE now owns 7,179,094 shares of the company’s stock worth $363,621,000 after acquiring an additional 637,336 shares during the period.

iShares Treasury Floating Rate Bond ETF Stock Performance

NYSEARCA:TFLO opened at $50.57 on Tuesday. iShares Treasury Floating Rate Bond ETF has a 1-year low of $50.39 and a 1-year high of $50.67. The company’s fifty day moving average price is $50.56 and its 200-day moving average price is $50.53.

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.