Prime Capital Investment Advisors LLC Grows Position in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Prime Capital Investment Advisors LLC increased its stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 4.0% in the third quarter, HoldingsChannel.com reports. The firm owned 426,229 shares of the company’s stock after acquiring an additional 16,486 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $13,153,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FLRN. MONECO Advisors LLC boosted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 0.8% during the 3rd quarter. MONECO Advisors LLC now owns 118,650 shares of the company’s stock worth $3,662,000 after acquiring an additional 896 shares in the last quarter. RMR Wealth Builders increased its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 48.8% during the 3rd quarter. RMR Wealth Builders now owns 12,091 shares of the company’s stock valued at $373,000 after acquiring an additional 3,966 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 4.8% in the third quarter. Flagship Harbor Advisors LLC now owns 54,128 shares of the company’s stock valued at $1,670,000 after purchasing an additional 2,487 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 39.6% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 53,080 shares of the company’s stock worth $1,638,000 after purchasing an additional 15,047 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 20.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,342,286 shares of the company’s stock worth $41,423,000 after purchasing an additional 227,748 shares in the last quarter.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

FLRN stock traded up $0.02 on Friday, reaching $30.78. The company had a trading volume of 13,506 shares, compared to its average volume of 926,478. The company’s fifty day moving average is $30.77 and its 200 day moving average is $30.79. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1 year low of $30.01 and a 1 year high of $30.87.

SPDR Bloomberg Investment Grade Floating Rate ETF Cuts Dividend

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

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.