iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) Sees Unusually-High Trading Volume – Time to Buy?

iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) saw unusually-high trading volume on Friday . Approximately 1,434,405 shares were traded during mid-day trading, a decline of 27% from the previous session’s volume of 1,958,838 shares.The stock last traded at $50.68 and had previously closed at $50.65.

iShares Treasury Floating Rate Bond ETF Price Performance

The firm’s 50-day moving average price is $50.53 and its 200-day moving average price is $50.53.

Institutional Investors Weigh In On iShares Treasury Floating Rate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in TFLO. Sanctuary Advisors LLC purchased a new stake in shares of iShares Treasury Floating Rate Bond ETF during the second quarter worth about $5,398,000. Northwest Quadrant Wealth Management LLC lifted its stake in iShares Treasury Floating Rate Bond ETF by 2.4% in the 3rd quarter. Northwest Quadrant Wealth Management LLC now owns 775,127 shares of the company’s stock worth $39,221,000 after purchasing an additional 18,000 shares in the last quarter. Miracle Mile Advisors LLC bought a new position in shares of iShares Treasury Floating Rate Bond ETF during the 3rd quarter valued at about $2,256,000. MKT Advisors LLC grew its holdings in iShares Treasury Floating Rate Bond ETF by 50.3% during the 3rd quarter. MKT Advisors LLC now owns 132,555 shares of the company’s stock valued at $6,683,000 after buying an additional 44,381 shares in the last quarter. Finally, Ignite Planners LLC increased its stake in iShares Treasury Floating Rate Bond ETF by 14.4% in the 3rd quarter. Ignite Planners LLC now owns 53,876 shares of the company’s stock worth $2,726,000 after acquiring an additional 6,772 shares during the last quarter.

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.