Penobscot Investment Management Company Inc. Grows Position in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Penobscot Investment Management Company Inc. boosted its stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 7.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 509,483 shares of the company’s stock after buying an additional 36,813 shares during the period. SPDR Bloomberg Investment Grade Floating Rate ETF makes up approximately 1.2% of Penobscot Investment Management Company Inc.’s portfolio, making the stock its 18th biggest position. Penobscot Investment Management Company Inc. owned about 0.59% of SPDR Bloomberg Investment Grade Floating Rate ETF worth $15,723,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of FLRN. Harbor Asset Planning Inc. acquired a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the second quarter valued at about $62,000. Caldwell Trust Co purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the 2nd quarter worth approximately $94,000. IFP Advisors Inc increased its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 122.5% in the 2nd quarter. IFP Advisors Inc now owns 5,200 shares of the company’s stock valued at $160,000 after purchasing an additional 2,863 shares during the last quarter. GoalVest Advisory LLC purchased a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter valued at approximately $163,000. Finally, Strategic Financial Concepts LLC acquired a new position in SPDR Bloomberg Investment Grade Floating Rate ETF during the second quarter worth $206,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

FLRN opened at $30.74 on Friday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 52 week low of $30.01 and a 52 week high of $30.88. The business has a fifty day simple moving average of $30.77 and a 200-day simple moving average of $30.78.

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.