GC Wealth Management RIA LLC Makes New Investment in iShares Treasury Floating Rate Bond ETF $TFLO

GC Wealth Management RIA LLC bought a new position in shares of iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) in the second quarter, Holdings Channel reports. The institutional investor bought 4,908 shares of the company’s stock, valued at approximately $249,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC purchased a new stake in shares of iShares Treasury Floating Rate Bond ETF during the first quarter worth about $26,000. Independence Bank of Kentucky purchased a new stake in shares of iShares Treasury Floating Rate Bond ETF during the second quarter worth about $30,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of iShares Treasury Floating Rate Bond ETF during the second quarter worth about $39,000. CX Institutional purchased a new stake in shares of iShares Treasury Floating Rate Bond ETF during the first quarter worth about $59,000. Finally, Dunhill Financial LLC purchased a new stake in shares of iShares Treasury Floating Rate Bond ETF during the first quarter worth about $74,000.

iShares Treasury Floating Rate Bond ETF Price Performance

TFLO stock opened at $50.43 on Friday. The firm has a 50-day simple moving average of $50.54 and a 200-day simple moving average of $50.56. iShares Treasury Floating Rate Bond ETF has a 52 week low of $50.36 and a 52 week high of $50.69.

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.