iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Stock Break Below 200 Day Moving Average – Time to Sell?

by · The Markets Daily

Shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO – Get Free Report) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $50.58 and traded as low as $50.53. iShares Treasury Floating Rate Bond ETF shares last traded at $50.53, with a volume of 2,387,337 shares.

iShares Treasury Floating Rate Bond ETF Stock Up 0.0%

The business’s fifty day moving average price is $50.59 and its 200 day moving average price is $50.58.

Hedge Funds Weigh In On iShares Treasury Floating Rate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in shares of iShares Treasury Floating Rate Bond ETF by 33.0% in the first quarter. Bank of America Corp DE now owns 7,745,149 shares of the company’s stock valued at $392,137,000 after buying an additional 1,920,892 shares during the period. Financial Advisory Corp raised its position in shares of iShares Treasury Floating Rate Bond ETF by 6.4% during the second quarter. Financial Advisory Corp now owns 1,590,060 shares of the company’s stock worth $80,505,000 after acquiring an additional 95,596 shares during the last quarter. Stash Investments LLC raised its position in shares of iShares Treasury Floating Rate Bond ETF by 5.0% during the third quarter. Stash Investments LLC now owns 1,061,882 shares of the company’s stock worth $53,806,000 after acquiring an additional 50,337 shares during the last quarter. Walker Financial Services Inc. lifted its stake in shares of iShares Treasury Floating Rate Bond ETF by 24.1% in the third quarter. Walker Financial Services Inc. now owns 1,057,524 shares of the company’s stock worth $53,585,000 after acquiring an additional 205,555 shares during the period. Finally, Rinkey Investments lifted its stake in shares of iShares Treasury Floating Rate Bond ETF by 20.6% in the second quarter. Rinkey Investments now owns 961,211 shares of the company’s stock worth $48,666,000 after acquiring an additional 164,450 shares during the period.

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.

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