SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Reaches New 1-Year Low at $30.38

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $30.38 and last traded at $30.38, with a volume of 244803 shares. The stock had previously closed at $30.65.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF Trading Down 0.6 %

The company’s 50 day moving average price is $30.78 and its 200 day moving average price is $30.76.

Institutional Investors Weigh In On SPDR Bloomberg Barclays Investment Grade Floating Rate ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. 1620 Investment Advisors Inc. acquired a new position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF during the second quarter valued at $26,000. Wetzel Investment Advisors Inc. acquired a new position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF during the fourth quarter valued at $55,000. Future Financial Wealth Managment LLC acquired a new position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF during the first quarter valued at $68,000. Summit Financial LLC purchased a new position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the second quarter valued at $217,000. Finally, Able Wealth Management LLC purchased a new position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the fourth quarter valued at $234,000.

SPDR Bloomberg Barclays 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.