SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Sees Large Volume Increase

Shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) saw unusually-strong trading volume on Friday . Approximately 409,857 shares changed hands during mid-day trading, a decline of 37% from the previous session’s volume of 653,952 shares.The stock last traded at $30.75 and had previously closed at $30.77.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF Stock Performance

The business’s 50-day moving average is $30.76 and its 200-day moving average is $30.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fiduciary Trust Co increased its stake in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 19.1% during the 4th quarter. Fiduciary Trust Co now owns 31,623 shares of the company’s stock valued at $967,000 after purchasing an additional 5,065 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF during the first quarter valued at approximately $1,786,000. Nisa Investment Advisors LLC purchased a new position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the 2nd quarter worth approximately $4,057,000. Nations Financial Group Inc. IA ADV boosted its stake in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 11.4% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 17,653 shares of the company’s stock valued at $540,000 after purchasing an additional 1,803 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF during the 1st quarter valued at $68,000.

About SPDR Bloomberg Barclays 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.