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

Capital Investment Advisors LLC increased its stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 36.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 216,607 shares of the company’s stock after purchasing an additional 58,324 shares during the period. Capital Investment Advisors LLC’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $6,656,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wealthfront Advisers LLC grew its stake in 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 worth $126,116,000 after buying an additional 731,074 shares during the last quarter. Bank of America Corp DE increased its position 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 buying an additional 182,087 shares during the period. New York Life Investment Management LLC lifted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 21.9% in 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 buying an additional 281,908 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 20.4% in the third quarter. Envestnet Asset Management Inc. now owns 1,342,286 shares of the company’s stock valued at $41,423,000 after buying an additional 227,748 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted 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 valued at $40,306,000 after acquiring 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. SPDR Bloomberg Investment Grade Floating Rate ETF has a one year low of $30.01 and a one year high of $30.86. The company has a 50-day simple moving average of $30.78 and a 200-day simple moving average of $30.78.

SPDR Bloomberg Investment Grade Floating Rate ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.0994 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, March 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.