1,800,555 Shares in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC purchased a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) during the 3rd quarter, HoldingsChannel reports. The firm purchased 1,800,555 shares of the company’s stock, valued at approximately $55,529,000.

Several other large investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 18.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,699,472 shares of the company’s stock worth $83,279,000 after purchasing an additional 413,910 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 38.9% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 78,820 shares of the company’s stock valued at $2,431,000 after purchasing an additional 22,090 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 2nd quarter valued at about $1,022,000. Citadel Advisors LLC boosted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 2,914.4% during the 2nd quarter. Citadel Advisors LLC now owns 549,371 shares of the company’s stock valued at $16,948,000 after purchasing an additional 531,146 shares in the last quarter. Finally, Partners Wealth Management LLC purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the third quarter valued at about $1,383,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

Shares of NYSEARCA FLRN opened at $30.74 on Wednesday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1 year low of $30.63 and a 1 year high of $30.87. The company’s 50-day moving average is $30.78 and its 200 day moving average is $30.78.

About SPDR Bloomberg Investment Grade Floating Rate ETF

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.