Webster Bank N. A. Sells 52,175 Shares of SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Webster Bank N. A. lessened its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 97.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,624 shares of the company’s stock after selling 52,175 shares during the period. Webster Bank N. A.’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $50,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLRN. Harbor Asset Planning Inc. bought a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF during the second quarter worth approximately $62,000. Caldwell Trust Co bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 2nd quarter worth $94,000. IFP Advisors Inc grew its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 122.5% in the 2nd quarter. IFP Advisors Inc now owns 5,200 shares of the company’s stock valued at $160,000 after buying an additional 2,863 shares during the last quarter. GoalVest Advisory LLC bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the 2nd quarter worth $163,000. Finally, Strategic Financial Concepts LLC bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the 2nd quarter worth $206,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

NYSEARCA FLRN opened at $30.77 on Friday. The stock has a 50-day simple moving average of $30.76 and a 200 day simple moving average of $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a twelve month low of $30.01 and a twelve month high of $30.88.

About SPDR Bloomberg Investment Grade Floating Rate ETF

The SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade floating rate notes. Securities must have between 1 month and 5 years until maturity. FLRN was launched on Nov 30, 2011 and is managed by State Street.