DAVENPORT & Co LLC Buys New Position in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

DAVENPORT & Co LLC purchased a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 18,750 shares of the company’s stock, valued at approximately $576,000.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 31.3% during the second quarter. JPMorgan Chase & Co. now owns 227,384 shares of the company’s stock worth $7,010,000 after acquiring an additional 54,222 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 108.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 230,572 shares of the company’s stock valued at $7,109,000 after purchasing an additional 119,882 shares during the last quarter. M&T Bank Corp acquired a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF in the 2nd quarter worth approximately $240,000. Guggenheim Capital LLC boosted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 6.8% in the 2nd quarter. Guggenheim Capital LLC now owns 72,062 shares of the company’s stock worth $2,222,000 after purchasing an additional 4,583 shares in the last quarter. Finally, StoneX Group Inc. grew its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 143.8% during the 2nd quarter. StoneX Group Inc. now owns 16,768 shares of the company’s stock worth $517,000 after purchasing an additional 9,891 shares during the last quarter.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

Shares of SPDR Bloomberg Investment Grade Floating Rate ETF stock opened at $30.78 on Wednesday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12-month low of $30.01 and a 12-month high of $30.86. The firm’s 50 day simple moving average is $30.78 and its two-hundred day simple moving average is $30.78.

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.