SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Reaches New 1-Year Low – What’s Next?

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN)’s stock price reached a new 52-week low on Friday . The stock traded as low as $30.30 and last traded at $30.49, with a volume of 1215457 shares. The stock had previously closed at $30.68.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF Stock Down 1.3 %

The business has a fifty day simple moving average of $30.78 and a 200 day simple moving average of $30.78.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FLRN. Ameriprise Financial Inc. lifted its position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 3.2% during the 4th quarter. Ameriprise Financial Inc. now owns 3,604,662 shares of the company’s stock valued at $110,757,000 after acquiring an additional 112,696 shares during the period. Curbstone Financial Management Corp lifted its position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 65.1% during the fourth quarter. Curbstone Financial Management Corp now owns 1,067,316 shares of the company’s stock worth $32,799,000 after purchasing an additional 420,690 shares during the period. MFA Wealth Advisors LLC grew its stake in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 9.4% during the fourth quarter. MFA Wealth Advisors LLC now owns 683,921 shares of the company’s stock worth $21,017,000 after buying an additional 58,815 shares in the last quarter. Providence First Trust Co raised its position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 29.4% in the 4th quarter. Providence First Trust Co now owns 515,318 shares of the company’s stock valued at $15,836,000 after buying an additional 117,030 shares in the last quarter. Finally, Appleton Partners Inc. MA lifted its holdings in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 109.5% during the 4th quarter. Appleton Partners Inc. MA now owns 435,558 shares of the company’s stock worth $13,385,000 after acquiring an additional 227,704 shares during the period.

SPDR Bloomberg Barclays 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.