TIAA Trust National Association Grows Position in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

TIAA Trust National Association grew its position in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 34.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 967,857 shares of the company’s stock after acquiring an additional 249,776 shares during the quarter. TIAA Trust National Association’s holdings in SPDR Bloomberg Investment Grade Floating Rate ETF were worth $29,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of FLRN. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the third quarter valued at $60,000. Caldwell Trust Co bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF during the second quarter valued at $94,000. Strategic Financial Concepts LLC bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF during the second quarter valued at $206,000. Traub Capital Management LLC purchased a new position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the 2nd quarter worth $208,000. Finally, Optivise Advisory Services LLC bought a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF in the 2nd quarter worth about $215,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Up 0.0%

Shares of NYSEARCA:FLRN opened at $30.84 on Friday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 12 month low of $30.01 and a 12 month high of $30.87. The company has a 50-day moving average price of $30.78 and a 200 day moving average price of $30.79.

SPDR Bloomberg Investment Grade Floating Rate ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.1083 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.