SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Trading 0.1% Higher – Time to Buy?

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN)’s share price was up 0.1% during mid-day trading on Friday . The stock traded as high as $30.81 and last traded at $30.80. Approximately 839,218 shares changed hands during trading, a decline of 29% from the average daily volume of 1,179,803 shares. The stock had previously closed at $30.78.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF Trading Up 0.1 %

The firm has a fifty day moving average of $30.76 and a 200 day moving average of $30.76.

Hedge Funds Weigh In On SPDR Bloomberg Barclays Investment Grade Floating Rate ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. acquired a new position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF during the second quarter worth $26,000. Appleton Partners Inc. MA increased its stake in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 5.3% during the third quarter. Appleton Partners Inc. MA now owns 207,854 shares of the company’s stock worth $6,412,000 after purchasing an additional 10,437 shares in the last quarter. Curbstone Financial Management Corp raised its position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 3.4% during the 3rd quarter. Curbstone Financial Management Corp now owns 646,626 shares of the company’s stock worth $19,948,000 after purchasing an additional 21,500 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the 3rd quarter valued at about $68,000. Finally, Astor Investment Management LLC boosted its holdings in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 60.3% in the 3rd quarter. Astor Investment Management LLC now owns 647,929 shares of the company’s stock worth $19,989,000 after buying an additional 243,736 shares during the last quarter.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF Company 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.