Montecito Bank & Trust Cuts Holdings in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO)

Montecito Bank & Trust decreased its position in iShares Treasury Floating Rate Bond ETF (NYSEARCA:TFLO) by 0.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 104,164 shares of the company’s stock after selling 663 shares during the period. iShares Treasury Floating Rate Bond ETF accounts for 0.9% of Montecito Bank & Trust’s holdings, making the stock its 26th biggest position. Montecito Bank & Trust’s holdings in iShares Treasury Floating Rate Bond ETF were worth $5,271,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TFLO. Family Asset Management LLC purchased a new position in shares of iShares Treasury Floating Rate Bond ETF in the 2nd quarter worth about $41,000. Fifth Third Bancorp bought a new position in shares of iShares Treasury Floating Rate Bond ETF during the 2nd quarter valued at approximately $63,000. Signaturefd LLC increased its stake in shares of iShares Treasury Floating Rate Bond ETF by 215.7% during the 2nd quarter. Signaturefd LLC now owns 1,746 shares of the company’s stock worth $88,000 after purchasing an additional 1,193 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of iShares Treasury Floating Rate Bond ETF during the 2nd quarter worth approximately $127,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of iShares Treasury Floating Rate Bond ETF by 201.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,676 shares of the company’s stock worth $186,000 after purchasing an additional 2,458 shares during the period.

iShares Treasury Floating Rate Bond ETF Price Performance

Shares of NYSEARCA TFLO opened at $50.46 on Thursday. The stock has a fifty day simple moving average of $50.52 and a two-hundred day simple moving average of $50.55. iShares Treasury Floating Rate Bond ETF has a 1-year low of $50.37 and a 1-year high of $50.75.

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.