Magnolia Capital Advisors LLC Trims Position in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

Magnolia Capital Advisors LLC trimmed its position in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 62.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,057 shares of the company’s stock after selling 203,363 shares during the quarter. iShares Treasury Floating Rate Bond ETF comprises about 4.5% of Magnolia Capital Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Magnolia Capital Advisors LLC’s holdings in iShares Treasury Floating Rate Bond ETF were worth $6,136,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TFLO. Cullen Frost Bankers Inc. bought a new stake in shares of iShares Treasury Floating Rate Bond ETF in the third quarter worth about $25,000. Atticus Wealth Management LLC bought a new stake in shares of iShares Treasury Floating Rate Bond ETF in the third quarter worth about $30,000. North Star Investment Management Corp. bought a new stake in shares of iShares Treasury Floating Rate Bond ETF in the fourth quarter worth about $33,000. NBC Securities Inc. bought a new stake in shares of iShares Treasury Floating Rate Bond ETF in the third quarter worth about $66,000. Finally, Fifth Third Bancorp increased its holdings in shares of iShares Treasury Floating Rate Bond ETF by 545.7% in the fourth quarter. Fifth Third Bancorp now owns 1,724 shares of the company’s stock worth $87,000 after purchasing an additional 1,457 shares during the last quarter.

iShares Treasury Floating Rate Bond ETF Stock Performance

Shares of TFLO stock remained flat at $50.63 during trading hours on Wednesday. The stock had a trading volume of 1,411,101 shares, compared to its average volume of 2,955,369. The business has a 50 day simple moving average of $50.59 and a 200-day simple moving average of $50.58. iShares Treasury Floating Rate Bond ETF has a 1 year low of $50.37 and a 1 year high of $50.76.

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.