Assetmark Inc. Cuts Position in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Assetmark Inc. lessened its stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 97.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,429 shares of the company’s stock after selling 55,039 shares during the quarter. Assetmark Inc.’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $44,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FLRN. JPMorgan Chase & Co. increased its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 474.4% in 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 in the last quarter. Ocean Park Asset Management LLC purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the 3rd quarter valued at about $25,771,000. Wealthfront Advisers LLC increased its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 21.8% in 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 in the last quarter. Jane Street Group LLC purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the 2nd quarter valued at about $10,679,000. Finally, New York Life Investment Management LLC increased its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 21.9% in 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 in the last quarter.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

Shares of FLRN opened at $30.79 on Monday. The company has a 50-day simple moving average of $30.75 and a 200-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.

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.