Royal Bank of Canada decreased its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN – Free Report) by 90.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 198,189 shares of the company’s stock after selling 1,945,108 shares during the period. Royal Bank of Canada owned about 0.22% of SPDR Bloomberg Investment Grade Floating Rate ETF worth $6,100,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Empowered Funds LLC boosted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 12.8% in the 1st quarter. Empowered Funds LLC now owns 118,437 shares of the company’s stock worth $3,634,000 after buying an additional 13,431 shares during the last quarter. Waverly Advisors LLC boosted its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 57.3% in the first quarter. Waverly Advisors LLC now owns 30,610 shares of the company’s stock worth $942,000 after purchasing an additional 11,147 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 64.5% during the 1st quarter. Cetera Investment Advisers now owns 555,484 shares of the company’s stock valued at $17,098,000 after purchasing an additional 217,878 shares during the period. PNC Financial Services Group Inc. increased its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 17.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,098 shares of the company’s stock valued at $218,000 after purchasing an additional 1,062 shares during the last quarter. Finally, AlphaCentric Advisors LLC increased its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 13.7% during the 1st quarter. AlphaCentric Advisors LLC now owns 4,337 shares of the company’s stock valued at $133,000 after purchasing an additional 521 shares during the last quarter.
SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance
FLRN opened at $30.76 on Wednesday. The company’s 50 day moving average is $30.80 and its 200 day moving average is $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12-month low of $30.63 and a 12-month high of $30.87.
SPDR Bloomberg Investment Grade Floating Rate ETF 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.
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