Royal Bank of Canada Sells 1,945,108 Shares of SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Royal Bank of Canada reduced its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 90.8% during the first quarter, Holdings Channel reports. The institutional investor owned 198,189 shares of the company’s stock after selling 1,945,108 shares during the period. Royal Bank of Canada’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $6,100,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. raised its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 2.9% during the 1st quarter. Koshinski Asset Management Inc. now owns 12,881 shares of the company’s stock worth $396,000 after acquiring an additional 365 shares during the period. Portland Financial Advisors Inc lifted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 1.0% during the 4th quarter. Portland Financial Advisors Inc now owns 41,042 shares of the company’s stock valued at $1,261,000 after buying an additional 408 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 2.3% during the 4th quarter. Corient Private Wealth LLC now owns 20,333 shares of the company’s stock valued at $625,000 after buying an additional 458 shares in the last quarter. Cornerstone Advisors Asset Management LLC increased its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 3.8% in the 4th quarter. Cornerstone Advisors Asset Management LLC now owns 13,367 shares of the company’s stock worth $411,000 after buying an additional 487 shares in the last quarter. Finally, AlphaCentric Advisors LLC raised its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 13.7% during the first quarter. AlphaCentric Advisors LLC now owns 4,337 shares of the company’s stock valued at $133,000 after acquiring an additional 521 shares during the period.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

NYSEARCA FLRN opened at $30.76 on Wednesday. SPDR Bloomberg Investment Grade Floating Rate ETF has a twelve month low of $30.63 and a twelve month high of $30.87. The business has a 50-day moving average price of $30.80 and a 200-day moving average price of $30.78.

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.