SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN Stock Holdings Boosted by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI increased its position in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 376,430 shares of the company’s stock after acquiring an additional 34,046 shares during the period. Parsons Capital Management Inc. RI owned approximately 0.43% of SPDR Bloomberg Investment Grade Floating Rate ETF worth $11,568,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Caitlin John LLC bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the 3rd quarter worth about $45,000. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the third quarter valued at approximately $60,000. Advisory Services Network LLC bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the third quarter valued at approximately $77,000. Caldwell Trust Co acquired a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the second quarter worth approximately $94,000. Finally, Park Avenue Securities LLC acquired a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the fourth quarter worth approximately $200,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

Shares of FLRN stock opened at $30.76 on Friday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12-month low of $30.01 and a 12-month high of $30.86. The business has a 50 day simple moving average of $30.78 and a 200 day simple moving average of $30.78.

SPDR Bloomberg Investment Grade Floating Rate ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.0994 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd.

SPDR Bloomberg 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.