SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Trading Up 0.1% – Here’s What Happened

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) shares shot up 0.1% during mid-day trading on Friday . The stock traded as high as $30.81 and last traded at $30.80. 839,218 shares were traded during mid-day trading, a decline of 29% from the average session volume of 1,179,803 shares. The stock had previously closed at $30.78.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF Price Performance

The firm’s fifty day moving average is $30.76 and its 200-day moving average is $30.76.

Institutional Trading of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLRN. Sunbelt Securities Inc. purchased a new position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the second quarter valued at approximately $26,000. Avior Wealth Management LLC lifted its holdings in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 4.7% during the 3rd quarter. Avior Wealth Management LLC now owns 19,269 shares of the company’s stock worth $594,000 after buying an additional 869 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the 3rd quarter valued at approximately $34,000. Mount Lucas Management LP grew its stake in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 6.9% in the third quarter. Mount Lucas Management LP now owns 24,129 shares of the company’s stock worth $744,000 after acquiring an additional 1,557 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 12.5% during the third quarter. Nations Financial Group Inc. IA ADV now owns 17,480 shares of the company’s stock worth $539,000 after acquiring an additional 1,947 shares during the period.

SPDR Bloomberg Barclays 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.