MONECO Advisors LLC Takes $755,000 Position in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

MONECO Advisors LLC bought a new stake in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,953 shares of the company’s stock, valued at approximately $755,000.

A number of other hedge funds also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Treasury Floating Rate Bond ETF by 732.3% in the third quarter. Envestnet Asset Management Inc. now owns 29,367,489 shares of the company’s stock valued at $1,490,106,000 after purchasing an additional 25,839,099 shares in the last quarter. LPL Financial LLC raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 113.7% during the third quarter. LPL Financial LLC now owns 11,736,489 shares of the company’s stock worth $595,509,000 after acquiring an additional 6,243,626 shares in the last quarter. Morgan Stanley raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 86.4% during the third quarter. Morgan Stanley now owns 7,477,855 shares of the company’s stock worth $379,426,000 after acquiring an additional 3,465,283 shares in the last quarter. UBS Group AG raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 31.8% during the third quarter. UBS Group AG now owns 4,272,279 shares of the company’s stock worth $216,775,000 after acquiring an additional 1,031,589 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of iShares Treasury Floating Rate Bond ETF during the third quarter worth $188,259,000.

iShares Treasury Floating Rate Bond ETF Trading Down 0.4 %

Shares of NYSEARCA:TFLO opened at $50.48 on Wednesday. iShares Treasury Floating Rate Bond ETF has a 1 year low of $50.37 and a 1 year high of $50.76. The business has a fifty day simple moving average of $50.59 and a 200 day simple moving average of $50.59.

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.