Wealthfront Advisers LLC Boosts Position in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Wealthfront Advisers LLC boosted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 21.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,086,722 shares of the company’s stock after acquiring an additional 731,074 shares during the period. Wealthfront Advisers LLC’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $126,116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Synergy Asset Management LLC raised its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 200.0% in the 3rd quarter. Synergy Asset Management LLC now owns 30,000 shares of the company’s stock worth $925,000 after buying an additional 20,000 shares during the period. Carr Financial Group Corp lifted its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 112.3% during the third quarter. Carr Financial Group Corp now owns 69,864 shares of the company’s stock valued at $2,156,000 after buying an additional 36,952 shares in the last quarter. Curbstone Financial Management Corp lifted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 7.5% during the 3rd quarter. Curbstone Financial Management Corp now owns 1,201,976 shares of the company’s stock valued at $37,093,000 after acquiring an additional 83,830 shares in the last quarter. Penobscot Investment Management Company Inc. raised its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 7.8% in the third quarter. Penobscot Investment Management Company Inc. now owns 509,483 shares of the company’s stock valued at $15,723,000 after purchasing an additional 36,813 shares during the period. Finally, New England Capital Financial Advisors LLC raised its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 7.7% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 110,589 shares of the company’s stock valued at $3,409,000 after buying an additional 7,902 shares during the period.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

NYSEARCA FLRN opened at $30.78 on Tuesday. The company’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 52 week low of $30.01 and a 52 week high of $30.87.

SPDR Bloomberg Investment Grade Floating Rate ETF Cuts Dividend

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