Appleton Partners Inc. MA Buys 31,049 Shares of SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Appleton Partners Inc. MA grew its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 7.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 476,983 shares of the company’s stock after acquiring an additional 31,049 shares during the period. Appleton Partners Inc. MA owned about 0.54% of SPDR Bloomberg Investment Grade Floating Rate ETF worth $14,658,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FLRN. JPMorgan Chase & Co. increased its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 31.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 227,384 shares of the company’s stock worth $7,010,000 after purchasing an additional 54,222 shares during the period. Global Retirement Partners LLC bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter valued at about $340,000. Steward Partners Investment Advisory LLC raised its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 0.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 225,635 shares of the company’s stock valued at $6,956,000 after acquiring an additional 1,664 shares in the last quarter. Laurel Wealth Advisors LLC lifted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 2,982.6% in the second quarter. Laurel Wealth Advisors LLC now owns 100,061 shares of the company’s stock worth $3,246,000 after acquiring an additional 96,815 shares during the period. Finally, Financial Advocates Investment Management lifted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 7.7% in the second quarter. Financial Advocates Investment Management now owns 29,479 shares of the company’s stock worth $909,000 after acquiring an additional 2,109 shares during the period.

SPDR Bloomberg Investment Grade Floating Rate ETF Trading Up 0.1%

Shares of SPDR Bloomberg Investment Grade Floating Rate ETF stock opened at $30.78 on Tuesday. The firm’s 50-day moving average is $30.78 and its two-hundred day moving average is $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1 year low of $30.01 and a 1 year high of $30.86.

SPDR Bloomberg Investment Grade Floating Rate ETF Cuts Dividend

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

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.