Fortune Financial Group Inc. bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 46,781 shares of the company’s stock, valued at approximately $1,438,000. SPDR Bloomberg Investment Grade Floating Rate ETF accounts for approximately 1.5% of Fortune Financial Group Inc.’s portfolio, making the stock its 17th largest holding. Fortune Financial Group Inc. owned 0.05% of SPDR Bloomberg Investment Grade Floating Rate ETF at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Wealthfront Advisers LLC lifted its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 20.8% during the 4th quarter. Wealthfront Advisers LLC now owns 4,935,059 shares of the company’s stock valued at $151,654,000 after acquiring an additional 848,337 shares during the period. Bank of America Corp DE lifted its position in shares of 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 valued at $59,656,000 after acquiring an additional 182,087 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 20.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,342,286 shares of the company’s stock valued at $41,423,000 after acquiring an additional 227,748 shares during the period. JPMorgan Chase & Co. lifted its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 474.4% during the 3rd 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. Finally, Curbstone Financial Management Corp grew its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 4.6% in the fourth quarter. Curbstone Financial Management Corp now owns 1,257,076 shares of the company’s stock valued at $38,630,000 after acquiring an additional 55,100 shares during the period.
SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance
Shares of SPDR Bloomberg Investment Grade Floating Rate ETF stock opened at $30.77 on Thursday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 52 week low of $30.63 and a 52 week high of $30.86. The stock has a 50 day moving average price of $30.77 and a two-hundred day moving average price of $30.77.
SPDR Bloomberg 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.
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