Merit Financial Group LLC Acquires New Stake in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN)

Merit Financial Group LLC acquired a new position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 82,589 shares of the company’s stock, valued at approximately $2,508,000. SPDR Bloomberg Barclays Investment Grade Floating Rate ETF makes up about 0.4% of Merit Financial Group LLC’s investment portfolio, making the stock its 14th largest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Baystate Wealth Management LLC purchased a new stake in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the 4th quarter worth approximately $110,000. M Holdings Securities Inc. purchased a new stake in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the 3rd quarter worth approximately $2,229,000. Penobscot Investment Management Company Inc. boosted its position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 15.5% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 874,568 shares of the company’s stock worth $26,560,000 after purchasing an additional 117,390 shares in the last quarter. Hollencrest Capital Management boosted its position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 284.3% in the 4th quarter. Hollencrest Capital Management now owns 143,652 shares of the company’s stock worth $4,363,000 after purchasing an additional 106,270 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 26.8% in the 3rd quarter. Baird Financial Group Inc. now owns 814,418 shares of the company’s stock worth $25,011,000 after purchasing an additional 172,249 shares in the last quarter.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF stock traded up $0.01 during mid-day trading on Monday, hitting $30.66. The company had a trading volume of 15,723 shares, compared to its average volume of 1,505,173. SPDR Bloomberg Barclays Investment Grade Floating Rate ETF has a 12-month low of $30.21 and a 12-month high of $30.81.

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 7th. Shareholders of record on Monday, March 4th were given a $0.0725 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.87 annualized dividend and a yield of 2.84%.

TRADEMARK VIOLATION WARNING: This article was published by Markets Daily and is owned by of Markets Daily. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this article can be viewed at https://www.themarketsdaily.com/2019/03/25/merit-financial-group-llc-acquires-new-stake-in-spdr-bloomberg-barclays-investment-grade-floating-rate-etf-flrn.html.

See Also: Futures Contract

Want to see what other hedge funds are holding FLRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN).

Institutional Ownership by Quarter for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN)

Receive News & Ratings for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF and related companies with MarketBeat.com's FREE daily email newsletter.