Concorde Asset Management LLC Sells 2,950 Shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

Concorde Asset Management LLC reduced its holdings in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 32.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,037 shares of the company’s stock after selling 2,950 shares during the period. Concorde Asset Management LLC’s holdings in iShares Treasury Floating Rate Bond ETF were worth $306,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Brown Advisory Inc. bought a new stake in iShares Treasury Floating Rate Bond ETF in the fourth quarter worth approximately $365,000. Gladstone Institutional Advisory LLC lifted its position in shares of iShares Treasury Floating Rate Bond ETF by 52.8% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,280 shares of the company’s stock valued at $317,000 after acquiring an additional 2,169 shares during the period. Coldstream Capital Management Inc. acquired a new position in shares of iShares Treasury Floating Rate Bond ETF during the 4th quarter valued at $486,000. Trexquant Investment LP bought a new position in iShares Treasury Floating Rate Bond ETF during the fourth quarter worth $705,000. Finally, Tidemark LLC bought a new stake in iShares Treasury Floating Rate Bond ETF in the 4th quarter valued at about $642,000.

iShares Treasury Floating Rate Bond ETF Stock Performance

Shares of NYSEARCA:TFLO opened at $50.52 on Thursday. iShares Treasury Floating Rate Bond ETF has a 52-week low of $50.37 and a 52-week high of $50.76. The business’s 50 day simple moving average is $50.54 and its two-hundred day simple moving average is $50.56.

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.