Tandem Investment Partners LLC Has $3.06 Million Stake in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Tandem Investment Partners LLC grew its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 3.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 99,220 shares of the company’s stock after acquiring an additional 2,970 shares during the period. SPDR Bloomberg Investment Grade Floating Rate ETF accounts for approximately 2.7% of Tandem Investment Partners LLC’s investment portfolio, making the stock its 12th biggest holding. Tandem Investment Partners LLC’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $3,059,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in FLRN. Greykasell Wealth Strategies Inc. acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 1st quarter valued at about $30,000. PFG Investments LLC acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 2nd quarter valued at about $213,000. Strategic Blueprint LLC acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 1st quarter valued at about $223,000. Cary Street Partners Financial LLC acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 1st quarter valued at about $229,000. Finally, Hickory Point Bank & Trust lifted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 5.2% during the 1st quarter. Hickory Point Bank & Trust now owns 7,892 shares of the company’s stock valued at $243,000 after buying an additional 392 shares during the last quarter.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

Shares of SPDR Bloomberg Investment Grade Floating Rate ETF stock opened at $30.75 on Friday. The stock has a 50-day simple moving average of $30.80 and a 200-day simple moving average of $30.74. SPDR Bloomberg Investment Grade Floating Rate ETF has a 52-week low of $30.01 and a 52-week high of $30.88.

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.