Strategic Financial Concepts LLC Takes Position in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Strategic Financial Concepts LLC acquired a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,687 shares of the company’s stock, valued at approximately $206,000.

Other large investors also recently made changes to their positions in the company. Cary Street Partners Financial LLC acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the 1st quarter valued at approximately $229,000. Penobscot Investment Management Company Inc. boosted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 24.3% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 472,670 shares of the company’s stock valued at $14,572,000 after buying an additional 92,480 shares during the last quarter. Bank of New York Mellon Corp raised its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 2.3% in the 1st quarter. Bank of New York Mellon Corp now owns 18,827 shares of the company’s stock valued at $580,000 after acquiring an additional 430 shares during the period. RFG Advisory LLC raised its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 24.0% in the 2nd quarter. RFG Advisory LLC now owns 389,065 shares of the company’s stock valued at $11,995,000 after acquiring an additional 75,208 shares during the period. Finally, Stratos Investment Management LLC raised its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 3.2% in the 2nd quarter. Stratos Investment Management LLC now owns 866,921 shares of the company’s stock valued at $26,727,000 after acquiring an additional 26,736 shares during the period.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

FLRN opened at $30.86 on Monday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1-year low of $30.01 and a 1-year high of $30.88. The stock’s fifty day simple moving average is $30.80 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.