Valpey Financial Services LLC Boosts Position in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Valpey Financial Services LLC grew its holdings in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 3,198.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 333,542 shares of the company’s stock after acquiring an additional 323,430 shares during the quarter. Valpey Financial Services LLC’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $10,854,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 5.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 205,257 shares of the company’s stock valued at $6,308,000 after buying an additional 11,191 shares during the period. Foundations Investment Advisors LLC increased its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 79.2% during the fourth quarter. Foundations Investment Advisors LLC now owns 63,147 shares of the company’s stock valued at $1,941,000 after buying an additional 27,901 shares during the period. Smith Chas P & Associates PA Cpas purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF during the fourth quarter valued at approximately $268,000. Integrity Advisory Solutions LLC increased its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 21.2% during the fourth quarter. Integrity Advisory Solutions LLC now owns 24,681 shares of the company’s stock valued at $758,000 after buying an additional 4,310 shares during the period. Finally, Bleakley Financial Group LLC increased its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 17.8% during the fourth quarter. Bleakley Financial Group LLC now owns 12,145 shares of the company’s stock valued at $373,000 after buying an additional 1,838 shares during the period.

SPDR Bloomberg Investment Grade Floating Rate ETF Price Performance

FLRN opened at $30.84 on Friday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 52-week low of $30.63 and a 52-week high of $30.86. The stock’s 50 day moving average price is $30.76 and its 200-day moving average price is $30.77.

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.