Commonwealth Equity Services LLC Acquires New Stake in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Commonwealth Equity Services LLC bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) in the third quarter, Holdings Channel reports. The firm bought 497,182 shares of the company’s stock, valued at approximately $15,333,000.

Several other hedge funds have also recently made changes to their positions in FLRN. Envestnet Asset Management Inc. lifted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 18.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,699,472 shares of the company’s stock valued at $83,279,000 after buying an additional 413,910 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 38.9% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 78,820 shares of the company’s stock worth $2,431,000 after buying an additional 22,090 shares during the period. Hutchens & Kramer Investment Management Group LLC purchased a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the 2nd quarter valued at approximately $1,022,000. Citadel Advisors LLC grew its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 2,914.4% in the 2nd quarter. Citadel Advisors LLC now owns 549,371 shares of the company’s stock valued at $16,948,000 after buying an additional 531,146 shares in the last quarter. Finally, Elevation Capital Advisory LLC purchased a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the 3rd quarter valued at approximately $7,503,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

Shares of FLRN stock opened at $30.74 on Wednesday. The company’s fifty day simple moving average is $30.78 and its two-hundred day simple moving average is $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1 year low of $30.63 and a 1 year high of $30.87.

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.