SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Sets New 1-Year Low – Here’s What Happened

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) reached a new 52-week low during trading on Friday . The stock traded as low as $30.30 and last traded at $30.49, with a volume of 1215457 shares changing hands. The stock had previously closed at $30.68.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF Trading Down 1.3 %

The business’s 50-day simple moving average is $30.78 and its two-hundred day simple moving average is $30.78.

Institutional Trading of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its holdings in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 3.2% in the fourth quarter. Ameriprise Financial Inc. now owns 3,604,662 shares of the company’s stock worth $110,757,000 after buying an additional 112,696 shares in the last quarter. Curbstone Financial Management Corp lifted its stake in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 65.1% during the fourth quarter. Curbstone Financial Management Corp now owns 1,067,316 shares of the company’s stock worth $32,799,000 after purchasing an additional 420,690 shares during the last quarter. MFA Wealth Advisors LLC boosted its stake in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 9.4% in the fourth quarter. MFA Wealth Advisors LLC now owns 683,921 shares of the company’s stock worth $21,017,000 after buying an additional 58,815 shares in the last quarter. Providence First Trust Co raised its position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 29.4% in the 4th quarter. Providence First Trust Co now owns 515,318 shares of the company’s stock worth $15,836,000 after purchasing an additional 117,030 shares during the period. Finally, Appleton Partners Inc. MA lifted its stake in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 109.5% in the 4th quarter. Appleton Partners Inc. MA now owns 435,558 shares of the company’s stock valued at $13,385,000 after acquiring an additional 227,704 shares during the last quarter.

About SPDR Bloomberg Barclays 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.