Janney Montgomery Scott LLC Raises Position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN)

Janney Montgomery Scott LLC boosted its holdings in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 43.3% during the third quarter, Holdings Channel.com reports. The fund owned 79,650 shares of the company’s stock after buying an additional 24,050 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF were worth $2,457,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FLRN. TIAA Trust National Association grew its position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 116.0% in the second quarter. TIAA Trust National Association now owns 3,192,129 shares of the company’s stock worth $98,477,000 after acquiring an additional 1,714,072 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the 2nd quarter worth about $17,506,000. Astor Investment Management LLC increased its position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 60.3% during the 3rd quarter. Astor Investment Management LLC now owns 647,929 shares of the company’s stock valued at $19,989,000 after purchasing an additional 243,736 shares during the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF during the 2nd quarter valued at about $4,057,000. Finally, Liberty Wealth Management LLC bought a new stake in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the 2nd quarter worth approximately $2,962,000.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF Stock Performance

Shares of NYSEARCA FLRN opened at $30.78 on Tuesday. SPDR Bloomberg Barclays Investment Grade Floating Rate ETF has a one year low of $30.32 and a one year high of $30.88. The firm’s 50 day simple moving average is $30.77 and its two-hundred day simple moving average is $30.77.

About SPDR Bloomberg Barclays 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.