SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN Stock: Sowell Financial Services LLC Raises Position

Sowell Financial Services LLC raised its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 86.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 238,057 shares of the company’s stock after purchasing an additional 110,083 shares during the period. Sowell Financial Services LLC’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $7,342,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FLRN. Toth Financial Advisory Corp purchased a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the third quarter valued at approximately $25,000. SHP Wealth Management acquired a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 4th quarter worth approximately $34,000. Evolution Wealth Management Inc. purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 1st quarter valued at approximately $50,000. Integrated Wealth Concepts LLC purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 2nd quarter valued at approximately $54,000. Finally, Coastline Trust Co purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 3rd quarter valued at approximately $61,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

SPDR Bloomberg Investment Grade Floating Rate ETF stock opened at $30.79 on Wednesday. The company’s fifty day moving average price is $30.79 and its 200 day moving average price is $30.79. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1 year low of $30.63 and a 1 year high of $30.87.

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.