Macco Financial Group Inc. Takes Position in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Macco Financial Group Inc. bought a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 101,870 shares of the company’s stock, valued at approximately $3,130,000. SPDR Bloomberg Investment Grade Floating Rate ETF comprises approximately 2.7% of Macco Financial Group Inc.’s portfolio, making the stock its 12th biggest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 31.3% during the second quarter. JPMorgan Chase & Co. now owns 227,384 shares of the company’s stock worth $7,010,000 after purchasing an additional 54,222 shares during the period. M&T Bank Corp acquired a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter valued at approximately $240,000. Raymond James Financial Inc. grew its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 11.4% in the second quarter. Raymond James Financial Inc. now owns 633,387 shares of the company’s stock valued at $19,527,000 after purchasing an additional 64,982 shares in the last quarter. Vista Investment Management grew its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 14.7% in the second quarter. Vista Investment Management now owns 14,425 shares of the company’s stock valued at $445,000 after purchasing an additional 1,849 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF during the 2nd quarter worth approximately $10,679,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Trading Up 0.1%

SPDR Bloomberg Investment Grade Floating Rate ETF stock opened at $30.82 on Friday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 52-week low of $30.63 and a 52-week high of $30.86. The company’s 50 day moving average is $30.78 and its two-hundred day moving average is $30.77.

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.