Financial Advocates Investment Management Boosts Position in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Financial Advocates Investment Management grew its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,479 shares of the company’s stock after purchasing an additional 2,109 shares during the period. Financial Advocates Investment Management’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $909,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 11.0% in the first quarter. Ameriprise Financial Inc. now owns 4,002,178 shares of the company’s stock valued at $123,351,000 after buying an additional 397,516 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 307.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 473,705 shares of the company’s stock valued at $14,604,000 after purchasing an additional 357,518 shares during the last quarter. TIAA Trust National Association boosted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 32.4% in the 1st quarter. TIAA Trust National Association now owns 1,139,150 shares of the company’s stock worth $35,109,000 after purchasing an additional 278,447 shares in the last quarter. Milestone Asset Management LLC boosted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 25.9% in the 2nd quarter. Milestone Asset Management LLC now owns 1,057,565 shares of the company’s stock worth $32,605,000 after purchasing an additional 217,572 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 12.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,114,538 shares of the company’s stock worth $34,361,000 after purchasing an additional 126,653 shares during the last quarter.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

Shares of SPDR Bloomberg Investment Grade Floating Rate ETF stock opened at $30.84 on Thursday. The firm’s 50 day simple moving average is $30.80 and its two-hundred day simple moving average is $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12-month low of $30.01 and a 12-month high of $30.88.

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.