iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Sees Unusually-High Trading Volume

Shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) saw strong trading volume on Thursday . 6,257,592 shares were traded during trading, an increase of 140% from the previous session’s volume of 2,603,819 shares.The stock last traded at $50.61 and had previously closed at $50.59.

iShares Treasury Floating Rate Bond ETF Trading Up 0.0 %

The company has a fifty day moving average of $50.59 and a 200-day moving average of $50.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Atticus Wealth Management LLC purchased a new position in iShares Treasury Floating Rate Bond ETF in the third quarter worth $30,000. North Star Investment Management Corp. purchased a new position in iShares Treasury Floating Rate Bond ETF in the fourth quarter worth $33,000. SouthState Corp purchased a new position in iShares Treasury Floating Rate Bond ETF in the fourth quarter worth $41,000. Fifth Third Bancorp boosted its position in iShares Treasury Floating Rate Bond ETF by 545.7% in the fourth quarter. Fifth Third Bancorp now owns 1,724 shares of the company’s stock worth $87,000 after purchasing an additional 1,457 shares during the last quarter. Finally, Criterion Capital Advisors LLC purchased a new position in iShares Treasury Floating Rate Bond ETF in the fourth quarter worth $98,000.

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.