World Equity Group Inc. Makes New Investment in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

World Equity Group Inc. purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,232 shares of the company’s stock, valued at approximately $1,334,000.

Several other hedge funds also recently modified their holdings of FLRN. JPMorgan Chase & Co. increased its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 31.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 227,384 shares of the company’s stock worth $7,010,000 after purchasing an additional 54,222 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the second quarter valued at about $240,000. Raymond James Financial Inc. boosted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 11.4% during 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 in the last quarter. Vista Investment Management boosted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 14.7% during 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 in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the second quarter worth about $10,679,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

SPDR Bloomberg Investment Grade Floating Rate ETF stock opened at $30.76 on Monday. The business has a 50 day moving average of $30.80 and a 200-day moving average of $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1 year low of $30.63 and a 1 year high of $30.87.

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.