J.W. Cole Advisors Inc. Invests $1.17 Million in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

J.W. Cole Advisors Inc. bought a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 38,033 shares of the company’s stock, valued at approximately $1,173,000.

Several other hedge funds have also modified their holdings of FLRN. Cary Street Partners Financial LLC purchased a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the 1st quarter valued at about $229,000. Traub Capital Management LLC purchased a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the second quarter worth about $208,000. Penobscot Investment Management Company Inc. lifted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 24.3% in the second quarter. Penobscot Investment Management Company Inc. now owns 472,670 shares of the company’s stock worth $14,572,000 after acquiring an additional 92,480 shares in the last quarter. New England Capital Financial Advisors LLC boosted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 7.7% in the second quarter. New England Capital Financial Advisors LLC now owns 110,589 shares of the company’s stock valued at $3,409,000 after purchasing an additional 7,902 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 18,827 shares of the company’s stock valued at $580,000 after purchasing an additional 430 shares during the last quarter.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

FLRN stock opened at $30.84 on Friday. The stock’s 50 day moving average is $30.80 and its two-hundred day moving average is $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a 52-week low of $30.01 and a 52-week high of $30.88.

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.