Prevail Innovative Wealth Advisors LLC Has $1.60 Million Position in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Prevail Innovative Wealth Advisors LLC increased its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 51.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,706 shares of the company’s stock after acquiring an additional 17,553 shares during the quarter. Prevail Innovative Wealth Advisors LLC owned approximately 0.06% of SPDR Bloomberg Investment Grade Floating Rate ETF worth $1,596,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Wealthfront Advisers LLC raised its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 21.8% during the third quarter. Wealthfront Advisers LLC now owns 4,086,722 shares of the company’s stock valued at $126,116,000 after purchasing an additional 731,074 shares during the period. Bank of America Corp DE grew its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 10.4% in 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 buying an additional 182,087 shares during the period. New York Life Investment Management LLC grew its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 21.9% in the 3rd quarter. New York Life Investment Management LLC now owns 1,568,286 shares of the company’s stock valued at $48,397,000 after buying an additional 281,908 shares during the period. Envestnet Asset Management Inc. increased its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 20.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,342,286 shares of the company’s stock valued at $41,423,000 after buying an additional 227,748 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 474.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,306,086 shares of the company’s stock valued at $40,306,000 after buying an additional 1,078,702 shares in the last quarter.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Up 0.0%

FLRN stock opened at $30.74 on Monday. The stock’s 50 day simple moving average is $30.78 and its 200 day simple moving average is $30.79. SPDR Bloomberg Investment Grade Floating Rate ETF has a fifty-two week low of $30.01 and a fifty-two week high of $30.86.

SPDR Bloomberg Investment Grade Floating Rate ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.0994 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.9%.

SPDR Bloomberg Investment Grade Floating Rate ETF 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.