iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Sees Large Volume Increase

Shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) saw unusually-strong trading volume on Monday . Approximately 2,591,509 shares were traded during mid-day trading, an increase of 15% from the previous session’s volume of 2,259,828 shares.The stock last traded at $50.60 and had previously closed at $50.59.

iShares Treasury Floating Rate Bond ETF Stock Up 0.0 %

The company’s fifty day simple moving average is $50.54 and its 200-day simple moving average is $50.57.

Hedge Funds Weigh In On iShares Treasury Floating Rate Bond ETF

A number of hedge funds have recently bought and sold shares of the business. Scarborough Advisors LLC lifted its stake in shares of iShares Treasury Floating Rate Bond ETF by 7,871.4% in the 4th quarter. Scarborough Advisors LLC now owns 1,440,276 shares of the company’s stock valued at $72,691,000 after purchasing an additional 1,422,208 shares during the last quarter. Brookstone Capital Management grew its stake in shares of iShares Treasury Floating Rate Bond ETF by 474.7% in the 2nd quarter. Brookstone Capital Management now owns 955,213 shares of the company’s stock valued at $48,305,000 after purchasing an additional 789,016 shares during the last quarter. LPL Financial LLC raised its position in iShares Treasury Floating Rate Bond ETF by 12.3% during the 2nd quarter. LPL Financial LLC now owns 5,686,827 shares of the company’s stock worth $288,095,000 after buying an additional 621,738 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in iShares Treasury Floating Rate Bond ETF by 687.9% in the second quarter. Strategic Financial Concepts LLC now owns 634,913 shares of the company’s stock valued at $322,000 after purchasing an additional 554,335 shares during the period. Finally, Wealthspire Advisors LLC boosted its stake in shares of iShares Treasury Floating Rate Bond ETF by 43.0% in the second quarter. Wealthspire Advisors LLC now owns 1,383,075 shares of the company’s stock valued at $70,067,000 after buying an additional 415,559 shares in the last quarter.

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.