Valmark Advisers Inc. Raises Position in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Valmark Advisers Inc. grew its stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 3.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 941,746 shares of the company’s stock after purchasing an additional 34,989 shares during the period. Valmark Advisers Inc.’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $29,062,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Harbor Asset Planning Inc. purchased a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF during the 2nd quarter valued at $62,000. Caldwell Trust Co purchased a new position in SPDR Bloomberg Investment Grade Floating Rate ETF during the second quarter worth $94,000. IFP Advisors Inc increased its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 122.5% during the second quarter. IFP Advisors Inc now owns 5,200 shares of the company’s stock valued at $160,000 after acquiring an additional 2,863 shares during the last quarter. GoalVest Advisory LLC purchased a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter valued at $163,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter valued at $206,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Up 0.1%

FLRN stock opened at $30.77 on Friday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12 month low of $30.01 and a 12 month high of $30.88. The company has a 50-day moving average price of $30.76 and a 200 day moving average price of $30.78.

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.