Richardson Financial Services Inc. Has $1.27 Million Stake in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

Richardson Financial Services Inc. lowered its holdings in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 5.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,139 shares of the company’s stock after selling 1,311 shares during the period. iShares Treasury Floating Rate Bond ETF comprises 0.9% of Richardson Financial Services Inc.’s portfolio, making the stock its 22nd largest holding. Richardson Financial Services Inc.’s holdings in iShares Treasury Floating Rate Bond ETF were worth $1,274,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Able Wealth Management LLC bought a new position in shares of iShares Treasury Floating Rate Bond ETF during the 4th quarter worth about $628,000. Morningstar Investment Services LLC lifted its stake in iShares Treasury Floating Rate Bond ETF by 255.9% during the fourth quarter. Morningstar Investment Services LLC now owns 44,546 shares of the company’s stock worth $2,248,000 after purchasing an additional 32,029 shares during the period. Portfolio Design Labs LLC acquired a new stake in iShares Treasury Floating Rate Bond ETF during the fourth quarter valued at approximately $16,377,000. Orion Portfolio Solutions LLC grew its stake in shares of iShares Treasury Floating Rate Bond ETF by 29.4% in the 4th quarter. Orion Portfolio Solutions LLC now owns 409,824 shares of the company’s stock valued at $20,700,000 after purchasing an additional 93,132 shares during the period. Finally, BCU Wealth Advisors LLC bought a new position in shares of iShares Treasury Floating Rate Bond ETF during the 4th quarter worth approximately $896,000.

iShares Treasury Floating Rate Bond ETF Stock Performance

Shares of NYSEARCA:TFLO opened at $50.52 on Thursday. The business’s fifty day moving average price is $50.54 and its two-hundred day moving average price is $50.56. iShares Treasury Floating Rate Bond ETF has a fifty-two week low of $50.37 and a fifty-two week high of $50.76.

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.