SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Sees Strong Trading Volume

Shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) saw unusually-strong trading volume on Friday . Approximately 557,044 shares traded hands during mid-day trading, a decline of 6% from the previous session’s volume of 591,725 shares.The stock last traded at $30.80 and had previously closed at $30.80.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF Price Performance

The firm has a 50 day moving average of $30.75 and a two-hundred day moving average of $30.67.

Institutional Investors Weigh In On SPDR Bloomberg Barclays Investment Grade Floating Rate ETF

A number of institutional investors have recently modified their holdings of FLRN. Cowa LLC lifted its stake in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 4,677.1% in the first quarter. Cowa LLC now owns 18,757,093 shares of the company’s stock worth $5,719,000 after buying an additional 18,364,449 shares in the last quarter. TIAA Trust National Association purchased a new position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the 3rd quarter worth approximately $65,236,000. Curbstone Financial Management Corp lifted its position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 2.3% in the 1st quarter. Curbstone Financial Management Corp now owns 601,712 shares of the company’s stock valued at $18,551,000 after acquiring an additional 13,600 shares in the last quarter. Baird Financial Group Inc. boosted its stake in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 1.5% during the 3rd quarter. Baird Financial Group Inc. now owns 218,898 shares of the company’s stock valued at $6,633,000 after purchasing an additional 3,218 shares during the last quarter. Finally, Appleton Partners Inc. MA boosted its stake in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 1.8% during the 4th quarter. Appleton Partners Inc. MA now owns 204,399 shares of the company’s stock valued at $6,253,000 after purchasing an additional 3,691 shares during the last quarter.

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.