SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN Shares Purchased by Capital Investment Advisors LLC

Capital Investment Advisors LLC grew its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 36.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 216,607 shares of the company’s stock after buying an additional 58,324 shares during the period. Capital Investment Advisors LLC owned about 0.25% of SPDR Bloomberg Investment Grade Floating Rate ETF worth $6,656,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wealthfront Advisers LLC raised its position 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 acquiring an additional 731,074 shares in the last quarter. Bank of America Corp DE boosted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 10.4% in the second quarter. Bank of America Corp DE now owns 1,935,009 shares of the company’s stock worth $59,656,000 after purchasing an additional 182,087 shares during the period. New York Life Investment Management LLC increased its stake 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 valued at $48,397,000 after purchasing an additional 281,908 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 20.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,342,286 shares of the company’s stock valued at $41,423,000 after purchasing an additional 227,748 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 474.4% during the third quarter. JPMorgan Chase & Co. now owns 1,306,086 shares of the company’s stock worth $40,306,000 after purchasing an additional 1,078,702 shares during the period.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

SPDR Bloomberg Investment Grade Floating Rate ETF stock opened at $30.72 on Friday. The firm’s 50-day moving average is $30.78 and its 200-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 disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.0994 per share. The ex-dividend date 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.