Calton & Associates Inc. Has $8.99 Million Stake in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Calton & Associates Inc. raised its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 18.4% during the third quarter, HoldingsChannel.com reports. The fund owned 291,405 shares of the company’s stock after buying an additional 45,314 shares during the quarter. SPDR Bloomberg Investment Grade Floating Rate ETF accounts for about 1.3% of Calton & Associates Inc.’s holdings, making the stock its 16th biggest position. Calton & Associates Inc.’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $8,993,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc grew its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 122.5% during the 2nd quarter. IFP Advisors Inc now owns 5,200 shares of the company’s stock worth $160,000 after buying an additional 2,863 shares during the period. Koshinski Asset Management Inc. grew its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 22.0% in the second quarter. Koshinski Asset Management Inc. now owns 8,143 shares of the company’s stock worth $251,000 after purchasing an additional 1,469 shares during the period. Envestnet Asset Management Inc. increased its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 12.8% in the second quarter. Envestnet Asset Management Inc. now owns 1,114,538 shares of the company’s stock valued at $34,361,000 after purchasing an additional 126,653 shares in the last quarter. GoalVest Advisory LLC acquired a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the second quarter valued at about $163,000. Finally, Facet Wealth Inc. raised its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 4.7% during the second quarter. Facet Wealth Inc. now owns 1,025,445 shares of the company’s stock valued at $31,625,000 after purchasing an additional 46,447 shares during the period.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

Shares of FLRN opened at $30.79 on Friday. SPDR Bloomberg Investment Grade Floating Rate ETF has a one year low of $30.01 and a one year high of $30.87. The stock has a 50-day moving average of $30.77 and a 200-day moving average of $30.78.

SPDR Bloomberg Investment Grade Floating Rate ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1083 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.2%.

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.