Portfolio Design Labs LLC Boosts Position in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

Portfolio Design Labs LLC boosted its position in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 377.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 516,000 shares of the company’s stock after buying an additional 407,824 shares during the quarter. iShares Treasury Floating Rate Bond ETF makes up about 7.3% of Portfolio Design Labs LLC’s portfolio, making the stock its largest position. Portfolio Design Labs LLC’s holdings in iShares Treasury Floating Rate Bond ETF were worth $26,110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in TFLO. Oxbow Advisors LLC boosted its position in shares of iShares Treasury Floating Rate Bond ETF by 59.6% in the 3rd quarter. Oxbow Advisors LLC now owns 2,676,362 shares of the company’s stock worth $135,424,000 after purchasing an additional 999,068 shares during the last quarter. Brookstone Capital Management grew its position in shares of iShares Treasury Floating Rate Bond ETF by 474.7% during the 2nd quarter. Brookstone Capital Management now owns 955,213 shares of the company’s stock worth $48,305,000 after buying an additional 789,016 shares during the period. LPL Financial LLC increased its stake in shares of iShares Treasury Floating Rate Bond ETF by 12.3% in the 2nd quarter. LPL Financial LLC now owns 5,686,827 shares of the company’s stock valued at $288,095,000 after acquiring an additional 621,738 shares during the last quarter. Strategic Financial Concepts LLC raised its position in shares of iShares Treasury Floating Rate Bond ETF by 687.9% in the 2nd quarter. Strategic Financial Concepts LLC now owns 634,913 shares of the company’s stock valued at $322,000 after acquiring an additional 554,335 shares during the period. Finally, Wealthspire Advisors LLC raised its position in shares of iShares Treasury Floating Rate Bond ETF by 43.0% in the 2nd quarter. Wealthspire Advisors LLC now owns 1,383,075 shares of the company’s stock valued at $70,067,000 after acquiring an additional 415,559 shares during the period.

iShares Treasury Floating Rate Bond ETF Stock Performance

Shares of NYSEARCA TFLO opened at $50.57 on Wednesday. iShares Treasury Floating Rate Bond ETF has a 52-week low of $50.37 and a 52-week high of $50.75. The firm has a 50 day moving average price of $50.52 and a 200 day moving average price of $50.55.

iShares Treasury Floating Rate Bond ETF 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.