SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Sees Strong Trading Volume – Time to Buy?

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) shares saw unusually-high trading volume on Monday . Approximately 1,079,502 shares were traded during mid-day trading, a decline of 3% from the previous session’s volume of 1,107,611 shares.The stock last traded at $30.7850 and had previously closed at $30.77.

SPDR Bloomberg Investment Grade Floating Rate ETF Trading Up 0.1%

The stock’s 50-day simple moving average is $30.79 and its two-hundred day simple moving average is $30.78.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FLRN. Koshinski Asset Management Inc. grew its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 2.9% in the first quarter. Koshinski Asset Management Inc. now owns 12,881 shares of the company’s stock worth $396,000 after acquiring an additional 365 shares in the last quarter. Portland Financial Advisors Inc raised its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 1.0% in the fourth quarter. Portland Financial Advisors Inc now owns 41,042 shares of the company’s stock valued at $1,261,000 after acquiring an additional 408 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 2.3% in the fourth quarter. Corient Private Wealth LLC now owns 20,333 shares of the company’s stock valued at $625,000 after acquiring an additional 458 shares in the last quarter. Cornerstone Advisors Asset Management LLC boosted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 3.8% in the fourth quarter. Cornerstone Advisors Asset Management LLC now owns 13,367 shares of the company’s stock valued at $411,000 after purchasing an additional 487 shares during the period. Finally, AlphaCentric Advisors LLC boosted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 13.7% in the first quarter. AlphaCentric Advisors LLC now owns 4,337 shares of the company’s stock valued at $133,000 after purchasing an additional 521 shares during the period.

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.