Cannon Advisors Inc. Decreases Stock Position in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Cannon Advisors Inc. decreased its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 19.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 228,302 shares of the company’s stock after selling 55,940 shares during the quarter. SPDR Bloomberg Investment Grade Floating Rate ETF makes up 5.0% of Cannon Advisors Inc.’s holdings, making the stock its 4th largest holding. Cannon Advisors Inc. owned 0.26% of SPDR Bloomberg Investment Grade Floating Rate ETF worth $7,029,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FLRN. JPMorgan Chase & Co. increased its stake 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 buying an additional 54,222 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 108.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 230,572 shares of the company’s stock valued at $7,109,000 after acquiring an additional 119,882 shares in the last quarter. M&T Bank Corp purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter valued at about $240,000. Guggenheim Capital LLC boosted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 6.8% in the second quarter. Guggenheim Capital LLC now owns 72,062 shares of the company’s stock worth $2,222,000 after acquiring an additional 4,583 shares during the period. Finally, StoneX Group Inc. boosted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 143.8% in the second quarter. StoneX Group Inc. now owns 16,768 shares of the company’s stock worth $517,000 after acquiring an additional 9,891 shares during the period.

SPDR Bloomberg Investment Grade Floating Rate ETF Trading Up 0.2%

NYSEARCA:FLRN opened at $30.78 on Wednesday. The stock has a 50-day moving average price of $30.78 and a 200 day moving average price of $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12-month low of $30.01 and a 12-month high of $30.86.

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.