SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Trading Up 0.1% – Should You Buy?

Shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) shot up 0.1% on Friday . The stock traded as high as $30.81 and last traded at $30.80. 839,218 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 1,179,803 shares. The stock had previously closed at $30.78.

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

The company’s fifty day moving average price is $30.76 and its 200-day moving average price is $30.76.

Institutional Investors Weigh In On SPDR Bloomberg Barclays Investment Grade Floating Rate ETF

Institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the 2nd quarter worth about $26,000. Avior Wealth Management LLC grew its stake in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 4.7% in the third quarter. Avior Wealth Management LLC now owns 19,269 shares of the company’s stock worth $594,000 after acquiring an additional 869 shares during the period. First Horizon Advisors Inc. purchased a new position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF during the third quarter valued at approximately $34,000. Mount Lucas Management LP lifted its position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 6.9% during the third quarter. Mount Lucas Management LP now owns 24,129 shares of the company’s stock valued at $744,000 after purchasing an additional 1,557 shares during the period. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 12.5% in the third quarter. Nations Financial Group Inc. IA ADV now owns 17,480 shares of the company’s stock worth $539,000 after purchasing an additional 1,947 shares during 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.