Penobscot Investment Management Company Inc. Purchases 62,380 Shares of SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Penobscot Investment Management Company Inc. grew its position in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 571,863 shares of the company’s stock after purchasing an additional 62,380 shares during the quarter. SPDR Bloomberg Investment Grade Floating Rate ETF makes up approximately 1.3% of Penobscot Investment Management Company Inc.’s portfolio, making the stock its 17th largest holding. Penobscot Investment Management Company Inc. owned 0.64% of SPDR Bloomberg Investment Grade Floating Rate ETF worth $17,573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of FLRN. JPMorgan Chase & Co. raised its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 31.3% in the second quarter. JPMorgan Chase & Co. now owns 227,384 shares of the company’s stock valued at $7,010,000 after purchasing an additional 54,222 shares during the period. M&T Bank Corp bought a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter valued at approximately $240,000. Raymond James Financial Inc. raised its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 11.4% in the second quarter. Raymond James Financial Inc. now owns 633,387 shares of the company’s stock valued at $19,527,000 after purchasing an additional 64,982 shares during the period. Vista Investment Management raised its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 14.7% in the second quarter. Vista Investment Management now owns 14,425 shares of the company’s stock valued at $445,000 after purchasing an additional 1,849 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter valued at approximately $10,679,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

NYSEARCA:FLRN opened at $30.75 on Wednesday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12 month low of $30.61 and a 12 month high of $30.86. The company’s 50 day moving average is $30.75 and its 200-day moving average is $30.77.

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.