SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN – Get Free Report) shares saw unusually-strong trading volume on Monday . 1,944,994 shares traded hands during mid-day trading, an increase of 77% from the previous session’s volume of 1,097,687 shares.The stock last traded at $30.75 and had previously closed at $30.85.
SPDR Bloomberg Investment Grade Floating Rate ETF Trading Up 0.1%
The stock’s 50-day moving average is $30.80 and its two-hundred day moving average is $30.78.
Institutional Investors Weigh In On SPDR Bloomberg Investment Grade Floating Rate ETF
Several institutional investors and hedge funds have recently modified their holdings of FLRN. Wealthfront Advisers LLC boosted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 7.8% during the 1st quarter. Wealthfront Advisers LLC now owns 5,319,203 shares of the company’s stock valued at $163,725,000 after acquiring an additional 384,144 shares during the period. Wells Fargo & Company MN boosted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 62.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,444,617 shares of the company’s stock valued at $75,123,000 after purchasing an additional 943,588 shares during the period. Royal Bank of Canada grew its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 12.0% in the fourth quarter. Royal Bank of Canada now owns 2,143,297 shares of the company’s stock valued at $65,863,000 after purchasing an additional 229,985 shares in the last quarter. Morgan Stanley grew its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 7.1% in the fourth quarter. Morgan Stanley now owns 2,102,442 shares of the company’s stock valued at $64,608,000 after purchasing an additional 138,501 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 10.4% during the 2nd quarter. Bank of America Corp DE now owns 1,935,009 shares of the company’s stock worth $59,656,000 after buying an additional 182,087 shares during the period.
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.
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