Avidian Wealth Solutions LLC Decreases Stake in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

Avidian Wealth Solutions LLC cut its stake in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 12.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 31,565 shares of the company’s stock after selling 4,571 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in iShares Treasury Floating Rate Bond ETF were worth $1,593,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in 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 acquiring an additional 25,839,099 shares during the last quarter. LPL Financial LLC grew 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 buying an additional 6,243,626 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of iShares Treasury Floating Rate Bond ETF during the 3rd quarter worth approximately $188,259,000. Morgan Stanley lifted its holdings in iShares Treasury Floating Rate Bond ETF by 86.4% during the 3rd quarter. Morgan Stanley now owns 7,477,855 shares of the company’s stock valued at $379,426,000 after purchasing an additional 3,465,283 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of iShares Treasury Floating Rate Bond ETF in the third quarter valued at about $163,207,000.

iShares Treasury Floating Rate Bond ETF Trading Down 0.0 %

TFLO stock traded down $0.01 during midday trading on Friday, reaching $50.50. 1,511,947 shares of the stock were exchanged, compared to its average volume of 2,911,807. iShares Treasury Floating Rate Bond ETF has a 52 week low of $50.37 and a 52 week high of $50.76. The company has a fifty day moving average price of $50.58 and a 200 day moving average price of $50.58.

About iShares Treasury Floating Rate Bond ETF

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.