SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN Position Boosted by Avity Investment Management Inc.

Avity Investment Management Inc. lifted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 11.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 159,263 shares of the company’s stock after purchasing an additional 16,900 shares during the quarter. Avity Investment Management Inc. owned 0.18% of SPDR Bloomberg Investment Grade Floating Rate ETF worth $4,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Caitlin John LLC purchased a new position in SPDR Bloomberg Investment Grade Floating Rate ETF during the third quarter valued at approximately $45,000. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 3rd quarter valued at $60,000. Advisory Services Network LLC purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 3rd quarter valued at $77,000. Caldwell Trust Co purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 2nd quarter valued at $94,000. Finally, Traub Capital Management LLC acquired a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter worth $208,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

Shares of NYSEARCA:FLRN opened at $30.73 on Wednesday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1 year low of $30.01 and a 1 year high of $30.86. The business has a fifty day simple moving average of $30.78 and a 200 day simple moving average of $30.78.

SPDR Bloomberg Investment Grade Floating Rate ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.0994 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd.

SPDR Bloomberg Investment Grade Floating Rate ETF 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.