Truist Financial Corp Cuts Stock Position in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

Truist Financial Corp trimmed its position in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 27.8% in the second quarter, HoldingsChannel.com reports. The fund owned 32,857 shares of the company’s stock after selling 12,650 shares during the period. Truist Financial Corp’s holdings in iShares Treasury Floating Rate Bond ETF were worth $1,665,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TFLO. Regal Investment Advisors LLC boosted its stake in shares of iShares Treasury Floating Rate Bond ETF by 16.6% in the second quarter. Regal Investment Advisors LLC now owns 33,378 shares of the company’s stock valued at $1,691,000 after purchasing an additional 4,757 shares during the period. Wellington Wealth Strategies LLC. boosted its position in iShares Treasury Floating Rate Bond ETF by 132.3% in the 2nd quarter. Wellington Wealth Strategies LLC. now owns 138,541 shares of the company’s stock valued at $7,018,000 after buying an additional 78,899 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Treasury Floating Rate Bond ETF by 4.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 226,132 shares of the company’s stock worth $11,456,000 after acquiring an additional 9,194 shares in the last quarter. Magnolia Capital Advisors LLC grew its stake in shares of iShares Treasury Floating Rate Bond ETF by 6.9% in the second quarter. Magnolia Capital Advisors LLC now owns 138,882 shares of the company’s stock worth $6,695,000 after acquiring an additional 9,017 shares in the last quarter. Finally, Ascent Group LLC increased its position in shares of iShares Treasury Floating Rate Bond ETF by 6.1% during the second quarter. Ascent Group LLC now owns 59,409 shares of the company’s stock worth $3,010,000 after acquiring an additional 3,428 shares during the period.

iShares Treasury Floating Rate Bond ETF Trading Up 0.0 %

NYSEARCA:TFLO opened at $50.49 on Friday. iShares Treasury Floating Rate Bond ETF has a 12-month low of $50.37 and a 12-month high of $50.76. The stock has a fifty day moving average price of $50.51 and a 200 day moving average price of $50.56.

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.