Tradewinds Capital Management LLC Reduces Holdings in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Tradewinds Capital Management LLC lowered its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 7.9% during the second quarter, HoldingsChannel reports. The firm owned 49,938 shares of the company’s stock after selling 4,270 shares during the period. Tradewinds Capital Management LLC’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $1,540,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FLRN. Appleton Partners Inc. MA raised its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 7.8% during the first quarter. Appleton Partners Inc. MA now owns 469,599 shares of the company’s stock valued at $14,473,000 after purchasing an additional 34,041 shares during the period. Strategic Blueprint LLC bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the first quarter worth $223,000. Bank of New York Mellon Corp increased its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 18,827 shares of the company’s stock worth $580,000 after buying an additional 430 shares during the last quarter. Q3 Asset Management bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the first quarter worth $634,000. Finally, TIAA Trust National Association increased its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 32.4% in the first quarter. TIAA Trust National Association now owns 1,139,150 shares of the company’s stock worth $35,109,000 after buying an additional 278,447 shares during the last quarter.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

Shares of NYSEARCA:FLRN opened at $30.79 on Friday. The company has a fifty day simple moving average of $30.79 and a 200 day simple moving average of $30.74. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12-month low of $30.01 and a 12-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.