Parisi Gray Wealth Management Buys New Stake in iShares Treasury Floating Rate Bond ETF $TFLO

Parisi Gray Wealth Management purchased a new position in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) in the fourth quarter, Holdings Channel reports. The fund purchased 40,908 shares of the company’s stock, valued at approximately $2,064,000.

Several other institutional investors and hedge funds also recently modified their holdings of TFLO. Whittier Trust Co. acquired a new position in shares of iShares Treasury Floating Rate Bond ETF during the third quarter valued at $28,000. Chapman Financial Group LLC acquired a new stake in iShares Treasury Floating Rate Bond ETF in the second quarter worth about $59,000. GPS Wealth Strategies Group LLC grew its position in iShares Treasury Floating Rate Bond ETF by 99.4% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 1,404 shares of the company’s stock valued at $71,000 after buying an additional 700 shares in the last quarter. Addison Advisors LLC increased its stake in iShares Treasury Floating Rate Bond ETF by 149.7% during the 3rd quarter. Addison Advisors LLC now owns 2,035 shares of the company’s stock valued at $103,000 after buying an additional 1,220 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new position in iShares Treasury Floating Rate Bond ETF during the 3rd quarter valued at about $142,000.

iShares Treasury Floating Rate Bond ETF Stock Performance

TFLO stock opened at $50.60 on Friday. The firm’s 50-day moving average is $50.56 and its two-hundred day moving average is $50.52. iShares Treasury Floating Rate Bond ETF has a 52 week low of $50.39 and a 52 week high of $50.67.

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.