Fulcrum Equity Management Makes New Investment in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Fulcrum Equity Management acquired a new position in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 29,836 shares of the company’s stock, valued at approximately $920,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 10.2% in the 4th quarter. Farther Finance Advisors LLC now owns 810,578 shares of the company’s stock worth $24,909,000 after buying an additional 75,296 shares during the last quarter. WCG Wealth Advisors LLC purchased a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF during the fourth quarter valued at $852,000. WESCAP Management Group Inc. lifted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 17.3% in the fourth quarter. WESCAP Management Group Inc. now owns 724,551 shares of the company’s stock valued at $22,265,000 after acquiring an additional 106,858 shares during the period. Foundations Investment Advisors LLC lifted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 79.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 63,147 shares of the company’s stock valued at $1,941,000 after acquiring an additional 27,901 shares during the period. Finally, Legacy Edge Advisors LLC purchased a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the fourth quarter worth about $7,544,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

FLRN opened at $30.76 on Tuesday. The company’s 50 day moving average is $30.80 and its 200 day moving average is $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12-month low of $30.63 and a 12-month 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.