Envestnet Asset Management Inc. Sells 515,586 Shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

Envestnet Asset Management Inc. lessened its position in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 16.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,645,903 shares of the company’s stock after selling 515,586 shares during the quarter. Envestnet Asset Management Inc. owned about 1.94% of iShares Treasury Floating Rate Bond ETF worth $133,539,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TFLO. Cedar Mountain Advisors LLC purchased a new stake in shares of iShares Treasury Floating Rate Bond ETF during the 4th quarter valued at about $28,000. Crewe Advisors LLC purchased a new stake in iShares Treasury Floating Rate Bond ETF during the fourth quarter valued at approximately $55,000. IMG Wealth Management Inc. bought a new stake in shares of iShares Treasury Floating Rate Bond ETF in the 4th quarter valued at approximately $89,000. Principal Securities Inc. boosted its holdings in shares of iShares Treasury Floating Rate Bond ETF by 56.6% in the 4th quarter. Principal Securities Inc. now owns 2,285 shares of the company’s stock worth $115,000 after purchasing an additional 826 shares during the period. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of iShares Treasury Floating Rate Bond ETF in the 4th quarter worth approximately $130,000.

iShares Treasury Floating Rate Bond ETF Stock Performance

NYSEARCA:TFLO opened at $50.50 on Tuesday. The stock’s fifty day moving average is $50.58 and its 200 day moving average is $50.54. iShares Treasury Floating Rate Bond ETF has a fifty-two week low of $50.36 and a fifty-two week high of $50.71.

About iShares Treasury Floating Rate Bond ETF

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.