SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN Shares Acquired by Valmark Advisers Inc.

Valmark Advisers Inc. lifted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 1.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 995,071 shares of the company’s stock after purchasing an additional 17,682 shares during the period. Valmark Advisers Inc.’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $30,628,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 474.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,306,086 shares of the company’s stock valued at $40,306,000 after acquiring an additional 1,078,702 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 62.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,444,617 shares of the company’s stock worth $75,123,000 after purchasing an additional 943,588 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 20.8% during the 4th quarter. Wealthfront Advisers LLC now owns 4,935,059 shares of the company’s stock worth $151,654,000 after purchasing an additional 848,337 shares during the last quarter. Beacon Capital Management Inc. grew its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 141,609.6% in the fourth quarter. Beacon Capital Management Inc. now owns 396,787 shares of the company’s stock valued at $12,193,000 after purchasing an additional 396,507 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter valued at approximately $10,679,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

Shares of NYSEARCA:FLRN traded up $0.01 during midday trading on Friday, hitting $30.80. The company had a trading volume of 927,259 shares, compared to its average volume of 1,068,175. SPDR Bloomberg Investment Grade Floating Rate ETF has a twelve month low of $30.63 and a twelve month high of $30.87. The business’s 50-day simple moving average is $30.79 and its 200-day simple moving average is $30.77.

SPDR Bloomberg Investment Grade Floating Rate ETF Company Profile

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.