Penobscot Investment Management Company Inc. Purchases 62,380 Shares of SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Penobscot Investment Management Company Inc. grew its position in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 571,863 shares of the company’s stock after purchasing an additional 62,380 shares during the quarter. SPDR Bloomberg Investment Grade Floating Rate ETF makes up approximately 1.3% of Penobscot Investment Management Company Inc.’s portfolio, making the stock its 17th largest holding. Penobscot Investment Management Company Inc.’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $17,573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Chesley Taft & Associates LLC increased its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 1.0% during the fourth quarter. Chesley Taft & Associates LLC now owns 41,100 shares of the company’s stock worth $1,263,000 after acquiring an additional 400 shares during the period. Miracle Mile Advisors LLC increased its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 5.2% during the third quarter. Miracle Mile Advisors LLC now owns 8,794 shares of the company’s stock worth $271,000 after acquiring an additional 432 shares during the period. First National Corp MA ADV increased its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 0.7% during the third quarter. First National Corp MA ADV now owns 73,650 shares of the company’s stock worth $2,264,000 after acquiring an additional 528 shares during the period. Valpey Financial Services LLC increased its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 5.7% during the third quarter. Valpey Financial Services LLC now owns 10,112 shares of the company’s stock worth $312,000 after acquiring an additional 545 shares during the period. Finally, PFG Investments LLC increased its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 8.3% during the third quarter. PFG Investments LLC now owns 7,471 shares of the company’s stock worth $231,000 after acquiring an additional 571 shares during the period.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

Shares of FLRN stock opened at $30.75 on Wednesday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1 year low of $30.61 and a 1 year high of $30.86. The firm’s fifty day simple moving average is $30.75 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.