Steele Capital Management Inc. Buys New Shares in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

Steele Capital Management Inc. bought a new position in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 30,096 shares of the company’s stock, valued at approximately $1,519,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in shares of iShares Treasury Floating Rate Bond ETF during the 3rd quarter worth about $25,000. Atticus Wealth Management LLC acquired a new stake in iShares Treasury Floating Rate Bond ETF during the third quarter valued at approximately $30,000. North Star Investment Management Corp. bought a new stake in shares of iShares Treasury Floating Rate Bond ETF in the 4th quarter valued at approximately $33,000. NBC Securities Inc. bought a new stake in shares of iShares Treasury Floating Rate Bond ETF in the 3rd quarter valued at approximately $66,000. Finally, Fifth Third Bancorp raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 545.7% in the 4th quarter. Fifth Third Bancorp now owns 1,724 shares of the company’s stock worth $87,000 after buying an additional 1,457 shares in the last quarter.

iShares Treasury Floating Rate Bond ETF Price Performance

TFLO stock remained flat at $50.67 during trading on Monday. The company had a trading volume of 1,366,860 shares, compared to its average volume of 2,924,983. The firm’s fifty day moving average is $50.59 and its two-hundred day moving average is $50.59. iShares Treasury Floating Rate Bond ETF has a twelve month low of $50.37 and a twelve month high of $50.76.

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.