Cornerstone Management Inc. Has $22.14 Million Holdings in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Cornerstone Management Inc. grew its stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 5.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 720,522 shares of the company’s stock after purchasing an additional 36,222 shares during the quarter. SPDR Bloomberg Investment Grade Floating Rate ETF makes up 3.6% of Cornerstone Management Inc.’s holdings, making the stock its 6th largest holding. Cornerstone Management Inc.’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $22,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of FLRN. JPMorgan Chase & Co. grew its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 31.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 227,384 shares of the company’s stock valued at $7,010,000 after acquiring an additional 54,222 shares in the last quarter. M&T Bank Corp bought a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the second quarter valued at $240,000. Raymond James Financial Inc. grew its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 11.4% in the second quarter. Raymond James Financial Inc. now owns 633,387 shares of the company’s stock valued at $19,527,000 after buying an additional 64,982 shares in the last quarter. Vista Investment Management grew its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 14.7% in the second quarter. Vista Investment Management now owns 14,425 shares of the company’s stock valued at $445,000 after buying an additional 1,849 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF during the second quarter worth about $10,679,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Trading Up 0.0%

SPDR Bloomberg Investment Grade Floating Rate ETF stock opened at $30.80 on Tuesday. The stock has a 50-day simple moving average of $30.75 and a 200 day simple moving average of $30.77. SPDR Bloomberg Investment Grade Floating Rate ETF has a 52 week low of $30.63 and a 52 week high of $30.86.

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.