Envestnet Asset Management Inc. Buys 227,748 Shares of SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Envestnet Asset Management Inc. raised its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 20.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,342,286 shares of the company’s stock after buying an additional 227,748 shares during the quarter. Envestnet Asset Management Inc.’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $41,423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FLRN. Ashton Thomas Private Wealth LLC boosted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 22.1% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 10,795 shares of the company’s stock worth $333,000 after acquiring an additional 1,955 shares during the last quarter. Cornerstone Advisors Asset Management LLC acquired a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF in the third quarter worth $397,000. Jones Financial Companies Lllp boosted its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 14.8% during the third quarter. Jones Financial Companies Lllp now owns 144,576 shares of the company’s stock worth $4,459,000 after purchasing an additional 18,650 shares in the last quarter. United Community Bank grew its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 12.1% in the 3rd quarter. United Community Bank now owns 100,539 shares of the company’s stock valued at $3,103,000 after buying an additional 10,861 shares during the period. Finally, Thrivent Financial for Lutherans bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the 3rd quarter valued at $1,942,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Up 0.0%

Shares of SPDR Bloomberg Investment Grade Floating Rate ETF stock opened at $30.79 on Wednesday. The stock’s fifty day simple moving average is $30.77 and its 200 day simple moving average is $30.79. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12 month low of $30.01 and a 12 month high of $30.87.

SPDR Bloomberg Investment Grade Floating Rate ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1083 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, February 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.