Axxcess Wealth Management LLC Reduces Holdings in iShares Treasury Floating Rate Bond ETF $TFLO

Axxcess Wealth Management LLC lowered its holdings in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 25.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 998,661 shares of the company’s stock after selling 342,766 shares during the quarter. iShares Treasury Floating Rate Bond ETF comprises about 0.6% of Axxcess Wealth Management LLC’s investment portfolio, making the stock its 26th biggest holding. Axxcess Wealth Management LLC’s holdings in iShares Treasury Floating Rate Bond ETF were worth $50,392,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Evolution Wealth Management Inc. acquired a new position in shares of iShares Treasury Floating Rate Bond ETF in the fourth quarter worth $32,000. Core Wealth Advisors LLC acquired a new position in iShares Treasury Floating Rate Bond ETF in the 4th quarter valued at about $53,000. Strive Financial Group LLC purchased a new position in iShares Treasury Floating Rate Bond ETF in the 4th quarter valued at about $55,000. Chapman Financial Group LLC purchased a new position in iShares Treasury Floating Rate Bond ETF in the 2nd quarter valued at about $59,000. Finally, Optima Capital LLC acquired a new stake in shares of iShares Treasury Floating Rate Bond ETF during the 4th quarter worth about $62,000.

iShares Treasury Floating Rate Bond ETF Stock Up 0.1%

iShares Treasury Floating Rate Bond ETF stock opened at $50.59 on Friday. iShares Treasury Floating Rate Bond ETF has a 12-month low of $50.39 and a 12-month high of $50.66. The firm’s 50-day moving average is $50.56 and its two-hundred day moving average is $50.54.

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.