Coppell Advisory Solutions LLC Invests $26.94 Million in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Coppell Advisory Solutions LLC acquired a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 873,369 shares of the company’s stock, valued at approximately $26,943,000. SPDR Bloomberg Investment Grade Floating Rate ETF comprises approximately 5.1% of Coppell Advisory Solutions LLC’s investment portfolio, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of FLRN. Fiduciary Financial Group LLC boosted its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 5.0% during the second quarter. Fiduciary Financial Group LLC now owns 330,908 shares of the company’s stock valued at $10,209,000 after purchasing an additional 15,702 shares during the last quarter. Fulcrum Equity Management bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter valued at approximately $920,000. World Equity Group Inc. acquired a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 2nd quarter worth approximately $1,334,000. Aletheian Wealth Advisors LLC increased its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 1.8% during the 2nd quarter. Aletheian Wealth Advisors LLC now owns 77,013 shares of the company’s stock worth $2,376,000 after purchasing an additional 1,333 shares during the last quarter. Finally, Tactive Advisors LLC raised its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 37.9% during the 2nd quarter. Tactive Advisors LLC now owns 15,567 shares of the company’s stock worth $480,000 after purchasing an additional 4,280 shares in the last quarter.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

Shares of SPDR Bloomberg Investment Grade Floating Rate ETF stock opened at $30.75 on Thursday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12-month low of $30.63 and a 12-month high of $30.87. The business’s 50 day moving average is $30.80 and its 200-day moving average is $30.78.

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.