Cornerstone Management Inc. decreased its stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN – Free Report) by 11.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 685,827 shares of the company’s stock after selling 85,480 shares during the quarter. SPDR Bloomberg Investment Grade Floating Rate ETF accounts for about 3.7% of Cornerstone Management Inc.’s investment portfolio, making the stock its 5th largest holding. Cornerstone Management Inc.’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $21,144,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Greykasell Wealth Strategies Inc. acquired a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the 1st quarter valued at $30,000. Harbor Asset Planning Inc. purchased a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF in the 2nd quarter worth about $62,000. IFP Advisors Inc lifted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 122.5% in the 2nd quarter. IFP Advisors Inc now owns 5,200 shares of the company’s stock worth $160,000 after acquiring an additional 2,863 shares in the last quarter. PFG Investments LLC purchased a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF in the 2nd quarter worth about $213,000. Finally, Strategic Blueprint LLC purchased a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF in the 1st quarter worth about $223,000.
SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance
Shares of SPDR Bloomberg Investment Grade Floating Rate ETF stock opened at $30.83 on Friday. The stock has a 50-day moving average price of $30.79 and a 200 day moving average price of $30.75. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1 year low of $30.01 and a 1 year high of $30.88.
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.
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