Baird Financial Group Inc. Sells 16,676 Shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN)

Baird Financial Group Inc. decreased its holdings in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 197,004 shares of the company’s stock after selling 16,676 shares during the quarter. Baird Financial Group Inc.’s holdings in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF were worth $6,054,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FLRN. Creative Financial Designs Inc. ADV increased its stake in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 819.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,600 shares of the company’s stock worth $49,000 after purchasing an additional 1,426 shares during the period. L.M. Kohn & Company boosted its position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 25.8% in the 4th quarter. L.M. Kohn & Company now owns 11,685 shares of the company’s stock valued at $359,000 after buying an additional 2,395 shares during the period. Liberty Wealth Management LLC purchased a new position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF during the fourth quarter worth approximately $418,000. EverSource Wealth Advisors LLC purchased a new stake in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the fourth quarter valued at approximately $446,000. Finally, Equitable Trust Co. bought a new position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the fourth quarter worth approximately $567,000.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF Stock Performance

Shares of FLRN stock opened at $30.67 on Friday. SPDR Bloomberg Barclays Investment Grade Floating Rate ETF has a twelve month low of $30.01 and a twelve month high of $30.88. The stock has a fifty day simple moving average of $30.68 and a two-hundred day simple moving average of $30.75.

SPDR Bloomberg Barclays 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.