Forefront Wealth Partners LLC Invests $3.46 Million in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Forefront Wealth Partners LLC acquired a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 112,253 shares of the company’s stock, valued at approximately $3,464,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FLRN. Farther Finance Advisors LLC grew its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 307.7% in the second quarter. Farther Finance Advisors LLC now owns 473,705 shares of the company’s stock worth $14,604,000 after purchasing an additional 357,518 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the 2nd quarter worth $10,679,000. Milestone Asset Management LLC grew its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 25.9% during the 2nd quarter. Milestone Asset Management LLC now owns 1,057,565 shares of the company’s stock worth $32,605,000 after buying an additional 217,572 shares during the last quarter. Bank of America Corp DE grew its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 10.4% during the 2nd quarter. Bank of America Corp DE now owns 1,935,009 shares of the company’s stock worth $59,656,000 after buying an additional 182,087 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 12.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,114,538 shares of the company’s stock valued at $34,361,000 after buying an additional 126,653 shares in the last quarter.

SPDR Bloomberg Investment Grade Floating Rate ETF Trading Down 0.0%

SPDR Bloomberg Investment Grade Floating Rate ETF stock opened at $30.71 on Wednesday. The stock 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 one year low of $30.01 and a one year high of $30.88.

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.