JPMorgan Chase & Co. Grows Position in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

JPMorgan Chase & Co. raised its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 474.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,306,086 shares of the company’s stock after acquiring an additional 1,078,702 shares during the quarter. JPMorgan Chase & Co. owned 1.51% of SPDR Bloomberg Investment Grade Floating Rate ETF worth $40,306,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. 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 boosted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 21.8% during the third quarter. Wealthfront Advisers LLC now owns 4,086,722 shares of the company’s stock worth $126,116,000 after buying an additional 731,074 shares in the last quarter. Jane Street Group LLC purchased a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF during the second quarter worth about $10,679,000. New York Life Investment Management LLC grew its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 21.9% during the third quarter. New York Life Investment Management LLC now owns 1,568,286 shares of the company’s stock worth $48,397,000 after buying an additional 281,908 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 55.2% in the third quarter. Farther Finance Advisors LLC now owns 735,282 shares of the company’s stock valued at $22,691,000 after buying an additional 261,577 shares in the last quarter.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Up 0.0%

Shares of SPDR Bloomberg Investment Grade Floating Rate ETF stock opened at $30.74 on Friday. The company has a 50-day moving average of $30.78 and a two-hundred day moving average 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 Cuts Dividend

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

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.