Brookstone Capital Management Has $53.93 Million Stake in iShares Treasury Floating Rate Bond ETF $TFLO

Brookstone Capital Management raised its position in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 6.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,065,200 shares of the company’s stock after buying an additional 62,529 shares during the period. Brookstone Capital Management’s holdings in iShares Treasury Floating Rate Bond ETF were worth $53,931,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. J2 Capital Management Inc grew its stake in shares of iShares Treasury Floating Rate Bond ETF by 8.2% in the fourth quarter. J2 Capital Management Inc now owns 268,747 shares of the company’s stock worth $13,561,000 after purchasing an additional 20,357 shares during the last quarter. Elevation Capital Advisory LLC bought a new stake in iShares Treasury Floating Rate Bond ETF in the fourth quarter valued at approximately $6,563,000. Arta Finance Wealth Management LLC acquired a new stake in iShares Treasury Floating Rate Bond ETF during the 4th quarter valued at approximately $13,930,000. Mutual Advisors LLC increased its position in iShares Treasury Floating Rate Bond ETF by 9.5% during the 4th quarter. Mutual Advisors LLC now owns 135,201 shares of the company’s stock valued at $6,822,000 after purchasing an additional 11,712 shares during the period. Finally, Stash Investments LLC raised its holdings in iShares Treasury Floating Rate Bond ETF by 9.2% during the 4th quarter. Stash Investments LLC now owns 871,657 shares of the company’s stock worth $43,984,000 after purchasing an additional 73,290 shares during the last quarter.

iShares Treasury Floating Rate Bond ETF Price Performance

Shares of NYSEARCA TFLO opened at $50.59 on Monday. The company’s fifty day simple moving average is $50.56 and its 200 day simple moving average is $50.54. iShares Treasury Floating Rate Bond ETF has a 12-month low of $50.39 and a 12-month high of $50.66.

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.