SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Sees Large Volume Increase – Should You Buy?

Shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) saw unusually-high trading volume on Wednesday . Approximately 1,301,139 shares changed hands during mid-day trading, an increase of 72% from the previous session’s volume of 755,702 shares.The stock last traded at $30.38 and had previously closed at $30.35.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF Trading Up 0.1 %

The business has a fifty day simple moving average of $30.74 and a two-hundred day simple moving average of $30.76.

Hedge Funds Weigh In On SPDR Bloomberg Barclays Investment Grade Floating Rate ETF

A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 131.3% in the third quarter. JPMorgan Chase & Co. now owns 82,305 shares of the company’s stock valued at $2,539,000 after acquiring an additional 46,715 shares in the last quarter. Avity Investment Management Inc. lifted its holdings in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 296.2% during the 4th quarter. Avity Investment Management Inc. now owns 91,705 shares of the company’s stock valued at $2,818,000 after purchasing an additional 68,558 shares during the last quarter. Curbstone Financial Management Corp boosted its position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 65.1% in the 4th quarter. Curbstone Financial Management Corp now owns 1,067,316 shares of the company’s stock worth $32,799,000 after purchasing an additional 420,690 shares in the last quarter. Crews Bank & Trust purchased a new position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF during the 4th quarter worth $1,529,000. Finally, Appleton Partners Inc. MA increased its position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 109.5% during the 4th quarter. Appleton Partners Inc. MA now owns 435,558 shares of the company’s stock valued at $13,385,000 after buying an additional 227,704 shares in the last quarter.

SPDR Bloomberg Barclays 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.