iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Sets New 52-Week Low – Should You Sell?

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLOGet Free Report) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $50.40 and last traded at $50.40, with a volume of 3690 shares trading hands. The stock had previously closed at $50.55.

iShares Treasury Floating Rate Bond ETF Trading Down 0.3%

The company’s 50-day moving average is $50.52 and its 200 day moving average is $50.54.

Hedge Funds Weigh In On iShares Treasury Floating Rate Bond ETF

A number of large investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC purchased a new stake in shares of iShares Treasury Floating Rate Bond ETF in the first quarter valued at approximately $26,000. Whittier Trust Co. purchased a new position in shares of iShares Treasury Floating Rate Bond ETF in the third quarter worth about $28,000. Robbins Farley acquired a new stake in iShares Treasury Floating Rate Bond ETF in the 2nd quarter valued at about $30,000. Independence Bank of Kentucky purchased a new position in iShares Treasury Floating Rate Bond ETF in the 2nd quarter worth approximately $30,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of iShares Treasury Floating Rate Bond ETF by 250.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 704 shares of the company’s stock worth $36,000 after purchasing an additional 503 shares during the last quarter.

About iShares Treasury Floating Rate Bond ETF

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for iShares Treasury Floating Rate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Treasury Floating Rate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.