Envestnet Asset Management Inc. Purchases 227,748 Shares of SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Envestnet Asset Management Inc. grew its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 20.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,342,286 shares of the company’s stock after buying an additional 227,748 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.55% of SPDR Bloomberg Investment Grade Floating Rate ETF worth $41,423,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 10.4% in the 2nd quarter. Bank of America Corp DE now owns 1,935,009 shares of the company’s stock worth $59,656,000 after acquiring an additional 182,087 shares in the last quarter. Curbstone Financial Management Corp boosted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 7.5% in the third quarter. Curbstone Financial Management Corp now owns 1,201,976 shares of the company’s stock worth $37,093,000 after purchasing an additional 83,830 shares in the last quarter. Milestone Asset Management LLC boosted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 5.0% in the third quarter. Milestone Asset Management LLC now owns 1,110,303 shares of the company’s stock worth $34,264,000 after purchasing an additional 52,738 shares in the last quarter. Keybank National Association OH grew its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 3.8% during the third quarter. Keybank National Association OH now owns 1,086,812 shares of the company’s stock worth $33,539,000 after purchasing an additional 39,354 shares during the last quarter. Finally, Facet Wealth Inc. increased its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 1.3% in the third quarter. Facet Wealth Inc. now owns 1,038,393 shares of the company’s stock valued at $32,045,000 after buying an additional 12,948 shares in the last quarter.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Up 0.0%

SPDR Bloomberg Investment Grade Floating Rate ETF stock opened at $30.79 on Wednesday. The stock has a 50-day simple moving average of $30.77 and a 200 day simple moving average of $30.79. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12-month low of $30.01 and a 12-month high of $30.87.

SPDR Bloomberg Investment Grade Floating Rate ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.1083 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.