SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Sees Large Volume Increase – Should You Buy?

SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) saw unusually-high trading volume on Wednesday . Approximately 1,848,341 shares traded hands during trading, an increase of 117% from the previous session’s volume of 850,503 shares.The stock last traded at $30.8150 and had previously closed at $30.81.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

The company has a 50-day moving average price of $30.77 and a two-hundred day moving average price of $30.78.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Synergy Asset Management LLC lifted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 200.0% during the third quarter. Synergy Asset Management LLC now owns 30,000 shares of the company’s stock worth $925,000 after purchasing an additional 20,000 shares during the last quarter. Carr Financial Group Corp lifted its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 112.3% in the 3rd quarter. Carr Financial Group Corp now owns 69,864 shares of the company’s stock worth $2,156,000 after acquiring an additional 36,952 shares during the last quarter. Curbstone Financial Management Corp boosted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 7.5% in the 3rd quarter. Curbstone Financial Management Corp now owns 1,201,976 shares of the company’s stock valued at $37,093,000 after purchasing an additional 83,830 shares in the last quarter. Penobscot Investment Management Company Inc. boosted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 7.8% in the 3rd quarter. Penobscot Investment Management Company Inc. now owns 509,483 shares of the company’s stock valued at $15,723,000 after purchasing an additional 36,813 shares in the last quarter. Finally, Gilbert Capital Group Inc. bought a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 2nd quarter valued at $843,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Company 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.