Red Mountain Financial LLC Has $1.77 Million Position in T. Rowe Price Floating Rate ETF $TFLR

Red Mountain Financial LLC lifted its holdings in shares of T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) by 44.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,419 shares of the company’s stock after purchasing an additional 10,526 shares during the quarter. T. Rowe Price Floating Rate ETF accounts for about 1.7% of Red Mountain Financial LLC’s portfolio, making the stock its 21st biggest position. Red Mountain Financial LLC owned about 0.37% of T. Rowe Price Floating Rate ETF worth $1,769,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. grew its holdings in shares of T. Rowe Price Floating Rate ETF by 3,012.0% during the third quarter. Raymond James Financial Inc. now owns 260,507 shares of the company’s stock worth $13,404,000 after buying an additional 252,136 shares in the last quarter. My Personal CFO LLC bought a new position in shares of T. Rowe Price Floating Rate ETF during the fourth quarter worth about $7,711,000. Bank of America Corp DE grew its holdings in shares of T. Rowe Price Floating Rate ETF by 239.2% during the third quarter. Bank of America Corp DE now owns 205,174 shares of the company’s stock worth $10,557,000 after buying an additional 144,684 shares in the last quarter. Flavin Financial Services Inc. grew its holdings in shares of T. Rowe Price Floating Rate ETF by 135.4% during the third quarter. Flavin Financial Services Inc. now owns 118,753 shares of the company’s stock worth $6,110,000 after buying an additional 68,301 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of T. Rowe Price Floating Rate ETF during the first quarter worth about $3,173,000.

T. Rowe Price Floating Rate ETF Trading Up 0.1%

NYSEARCA:TFLR opened at $50.66 on Wednesday. T. Rowe Price Floating Rate ETF has a 52-week low of $49.77 and a 52-week high of $51.90. The stock has a 50-day simple moving average of $50.63 and a 200 day simple moving average of $51.16.

T. Rowe Price Floating Rate ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, February 24th were issued a dividend of $0.2552 per share. The ex-dividend date was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

T. Rowe Price Floating Rate ETF Profile

The T. Rowe Price Floating Rate ETF (TFLR) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on high yield fixed income. TFLR is actively managed to invest in a broad portfolio of USD-denominated floating-rate loans TFLR was launched on Nov 16, 2022 and is managed by T. Rowe Price.