New York Life Investment Management LLC Reduces Position in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

New York Life Investment Management LLC cut its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 19.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,286,378 shares of the company’s stock after selling 303,707 shares during the quarter. New York Life Investment Management LLC owned about 1.43% of SPDR Bloomberg Investment Grade Floating Rate ETF worth $39,659,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FLRN. Ameriprise Financial Inc. grew its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 11.0% during the first quarter. Ameriprise Financial Inc. now owns 4,002,178 shares of the company’s stock valued at $123,351,000 after buying an additional 397,516 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 307.7% during the second quarter. Farther Finance Advisors LLC now owns 473,705 shares of the company’s stock valued at $14,604,000 after buying an additional 357,518 shares during the last quarter. TIAA Trust National Association lifted its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 32.4% during the first quarter. TIAA Trust National Association now owns 1,139,150 shares of the company’s stock valued at $35,109,000 after purchasing an additional 278,447 shares during the period. Envestnet Asset Management Inc. lifted its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 12.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,114,538 shares of the company’s stock valued at $34,361,000 after purchasing an additional 126,653 shares during the period. Finally, Penobscot Investment Management Company Inc. lifted its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 24.3% during the second quarter. Penobscot Investment Management Company Inc. now owns 472,670 shares of the company’s stock valued at $14,572,000 after purchasing an additional 92,480 shares during the period.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

NYSEARCA FLRN opened at $30.84 on Tuesday. The company has a fifty day moving average of $30.80 and a 200 day moving average of $30.76. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1 year low of $30.01 and a 1 year 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.