VSM Wealth Advisory LLC Takes $248,000 Position in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

VSM Wealth Advisory LLC acquired a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,055 shares of the company’s stock, valued at approximately $248,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 11.0% during the first quarter. Ameriprise Financial Inc. now owns 4,002,178 shares of the company’s stock worth $123,351,000 after buying an additional 397,516 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 307.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 473,705 shares of the company’s stock valued at $14,604,000 after acquiring an additional 357,518 shares during the last quarter. TIAA Trust National Association raised its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 32.4% in the 1st quarter. TIAA Trust National Association now owns 1,139,150 shares of the company’s stock valued at $35,109,000 after acquiring an additional 278,447 shares during the last quarter. Milestone Asset Management LLC lifted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 25.9% in the 2nd quarter. Milestone Asset Management LLC now owns 1,057,565 shares of the company’s stock worth $32,605,000 after purchasing an additional 217,572 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 12.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,114,538 shares of the company’s stock worth $34,361,000 after purchasing an additional 126,653 shares in the last quarter.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

FLRN stock opened at $30.80 on Wednesday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 1 year low of $30.01 and a 1 year high of $30.88. The business has a 50 day simple moving average of $30.79 and a 200-day simple moving average of $30.77.

SPDR Bloomberg 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.