Alesco Advisors LLC Trims Stake in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Alesco Advisors LLC trimmed its stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 21.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,175 shares of the company’s stock after selling 48,241 shares during the period. Alesco Advisors LLC owned 0.19% of SPDR Bloomberg Investment Grade Floating Rate ETF worth $5,322,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FLRN. JPMorgan Chase & Co. boosted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 474.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,306,086 shares of the company’s stock valued at $40,306,000 after purchasing an additional 1,078,702 shares during the last quarter. Ocean Park Asset Management LLC bought a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 3rd quarter valued at about $25,771,000. Wealthfront Advisers LLC boosted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 21.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 4,086,722 shares of the company’s stock valued at $126,116,000 after purchasing an additional 731,074 shares during the last quarter. Jane Street Group LLC bought a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 2nd quarter valued at about $10,679,000. Finally, New York Life Investment Management LLC boosted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 21.9% during the 3rd quarter. New York Life Investment Management LLC now owns 1,568,286 shares of the company’s stock valued at $48,397,000 after purchasing an additional 281,908 shares during the last quarter.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

FLRN opened at $30.78 on Thursday. The firm has a 50-day simple moving average of $30.75 and a two-hundred day simple moving average of $30.77. SPDR Bloomberg Investment Grade Floating Rate ETF has a 52 week low of $30.61 and a 52 week 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.