Modera Wealth Management LLC Purchases 17,650 Shares of SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Modera Wealth Management LLC purchased a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 17,650 shares of the company’s stock, valued at approximately $544,000.

Several other hedge funds have also added to or reduced their stakes in FLRN. International Assets Investment Management LLC lifted its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 721.7% during the 3rd quarter. International Assets Investment Management LLC now owns 135,000 shares of the company’s stock valued at $4,163,000 after purchasing an additional 118,570 shares during the period. Partners Wealth Management LLC acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 3rd quarter worth approximately $1,383,000. Laurel Wealth Advisors LLC acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 3rd quarter worth approximately $71,000. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 3rd quarter worth approximately $120,000. Finally, Penobscot Investment Management Company Inc. bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the third quarter worth approximately $19,644,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

FLRN opened at $30.71 on Tuesday. The firm has a 50 day simple moving average of $30.79 and a 200 day simple moving average of $30.78. SPDR Bloomberg Investment Grade Floating Rate ETF has a fifty-two week low of $30.63 and a fifty-two week high of $30.87.

About SPDR Bloomberg Investment Grade Floating Rate ETF

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.