iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Position Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 58.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,647 shares of the company’s stock after selling 80,144 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares Treasury Floating Rate Bond ETF were worth $2,909,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. MONECO Advisors LLC boosted its holdings in iShares Treasury Floating Rate Bond ETF by 16.4% in the fourth quarter. MONECO Advisors LLC now owns 14,090 shares of the company’s stock worth $711,000 after purchasing an additional 1,980 shares in the last quarter. Members Advisory Group LLC acquired a new stake in shares of iShares Treasury Floating Rate Bond ETF during the 4th quarter worth approximately $4,808,000. Pinnacle Financial Partners Inc increased its stake in iShares Treasury Floating Rate Bond ETF by 5.7% in the fourth quarter. Pinnacle Financial Partners Inc now owns 9,283 shares of the company’s stock valued at $469,000 after acquiring an additional 498 shares during the period. Winebrenner Capital Management LLC acquired a new position in shares of iShares Treasury Floating Rate Bond ETF in the 4th quarter worth approximately $394,000. Finally, Element Wealth LLC lifted its holdings in shares of iShares Treasury Floating Rate Bond ETF by 1.7% during the fourth quarter. Element Wealth LLC now owns 177,810 shares of the company’s stock valued at $8,974,000 after acquiring an additional 2,928 shares during the period.

iShares Treasury Floating Rate Bond ETF Price Performance

Shares of iShares Treasury Floating Rate Bond ETF stock opened at $50.60 on Friday. iShares Treasury Floating Rate Bond ETF has a 1-year low of $50.36 and a 1-year high of $50.71. The firm’s 50-day moving average price is $50.59 and its two-hundred day moving average price is $50.54.

iShares Treasury Floating Rate Bond ETF 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.