iShares Treasury Floating Rate Bond ETF $TFLO is Beacon Financial Group’s 6th Largest Position

Beacon Financial Group lifted its holdings in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 17.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 432,582 shares of the company’s stock after buying an additional 63,231 shares during the period. iShares Treasury Floating Rate Bond ETF accounts for approximately 2.2% of Beacon Financial Group’s holdings, making the stock its 6th largest holding. Beacon Financial Group’s holdings in iShares Treasury Floating Rate Bond ETF were worth $21,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC raised its position in iShares Treasury Floating Rate Bond ETF by 5,146.9% during the second quarter. Laurel Wealth Advisors LLC now owns 25,370,114 shares of the company’s stock worth $1,284,996,000 after acquiring an additional 24,886,588 shares during the period. Bank of America Corp DE grew its position in shares of iShares Treasury Floating Rate Bond ETF by 9.7% in the second quarter. Bank of America Corp DE now owns 7,179,094 shares of the company’s stock valued at $363,621,000 after purchasing an additional 637,336 shares during the period. SPC Financial Inc. increased its stake in shares of iShares Treasury Floating Rate Bond ETF by 151.0% during the second quarter. SPC Financial Inc. now owns 1,406,426 shares of the company’s stock worth $71,235,000 after purchasing an additional 846,162 shares in the last quarter. Capital Asset Advisory Services LLC raised its position in shares of iShares Treasury Floating Rate Bond ETF by 2.2% during the 3rd quarter. Capital Asset Advisory Services LLC now owns 1,341,064 shares of the company’s stock worth $67,844,000 after purchasing an additional 28,560 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its stake in iShares Treasury Floating Rate Bond ETF by 8.6% in the 2nd quarter. Axxcess Wealth Management LLC now owns 1,333,263 shares of the company’s stock valued at $67,530,000 after buying an additional 105,964 shares in the last quarter.

iShares Treasury Floating Rate Bond ETF Stock Performance

TFLO stock opened at $50.54 on Thursday. iShares Treasury Floating Rate Bond ETF has a 12-month low of $50.36 and a 12-month high of $50.69. The business’s 50-day moving average is $50.52 and its 200 day moving average is $50.54.

iShares Treasury Floating Rate Bond ETF Company 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.