Redmont Wealth Advisors LLC Takes $650,000 Position in iShares Treasury Floating Rate Bond ETF $TFLO

Redmont Wealth Advisors LLC acquired a new position in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,852 shares of the company’s stock, valued at approximately $650,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. purchased a new position in iShares Treasury Floating Rate Bond ETF in the third quarter worth $28,000. GPS Wealth Strategies Group LLC boosted its position in shares of iShares Treasury Floating Rate Bond ETF by 250.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 704 shares of the company’s stock worth $36,000 after purchasing an additional 503 shares in the last quarter. Addison Advisors LLC acquired a new position in iShares Treasury Floating Rate Bond ETF during the 2nd quarter valued at about $41,000. Chapman Financial Group LLC purchased a new stake in iShares Treasury Floating Rate Bond ETF in the second quarter valued at about $59,000. Finally, Twin City Private Wealth LLC raised its stake in iShares Treasury Floating Rate Bond ETF by 48.9% in the second quarter. Twin City Private Wealth LLC now owns 2,713 shares of the company’s stock valued at $137,000 after buying an additional 891 shares during the last quarter.

iShares Treasury Floating Rate Bond ETF Stock Performance

Shares of TFLO stock opened at $50.58 on Thursday. iShares Treasury Floating Rate Bond ETF has a fifty-two week low of $50.39 and a fifty-two week high of $50.67. The stock’s 50-day simple moving average is $50.52 and its 200-day simple moving average is $50.52.

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.