Brookstone Capital Management Cuts Stake in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

Brookstone Capital Management reduced its stake in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 30.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,197 shares of the company’s stock after selling 73,753 shares during the period. Brookstone Capital Management owned 0.12% of iShares Treasury Floating Rate Bond ETF worth $8,425,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TFLO. Morgan Stanley raised its holdings in iShares Treasury Floating Rate Bond ETF by 86.4% in the third quarter. Morgan Stanley now owns 7,477,855 shares of the company’s stock valued at $379,426,000 after buying an additional 3,465,283 shares during the period. UBS Group AG raised its holdings in iShares Treasury Floating Rate Bond ETF by 2.3% in the fourth quarter. UBS Group AG now owns 4,369,616 shares of the company’s stock valued at $220,535,000 after buying an additional 97,337 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in iShares Treasury Floating Rate Bond ETF by 2.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,792,224 shares of the company’s stock valued at $191,394,000 after buying an additional 81,949 shares during the period. JPMorgan Chase & Co. purchased a new position in iShares Treasury Floating Rate Bond ETF in the third quarter valued at approximately $163,207,000. Finally, Oxbow Advisors LLC raised its holdings in iShares Treasury Floating Rate Bond ETF by 17.0% in the fourth quarter. Oxbow Advisors LLC now owns 2,003,130 shares of the company’s stock valued at $101,098,000 after buying an additional 290,949 shares during the period.

iShares Treasury Floating Rate Bond ETF Stock Performance

NYSEARCA TFLO opened at $50.65 on Friday. iShares Treasury Floating Rate Bond ETF has a one year low of $50.37 and a one year high of $50.76. The company’s 50 day moving average price is $50.59 and its 200 day moving average price is $50.57.

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.