Macco Financial Group Inc. Makes New Investment in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Macco Financial Group Inc. bought a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 101,870 shares of the company’s stock, valued at approximately $3,130,000. SPDR Bloomberg Investment Grade Floating Rate ETF comprises 2.7% of Macco Financial Group Inc.’s investment portfolio, making the stock its 12th biggest position. Macco Financial Group Inc. owned about 0.11% of SPDR Bloomberg Investment Grade Floating Rate ETF as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FLRN. Wealthfront Advisers LLC raised its position in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 20.8% during the 4th quarter. Wealthfront Advisers LLC now owns 4,935,059 shares of the company’s stock valued at $151,654,000 after buying an additional 848,337 shares during the period. Wells Fargo & Company MN grew its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 62.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,444,617 shares of the company’s stock worth $75,123,000 after acquiring an additional 943,588 shares during the period. Royal Bank of Canada grew its position in SPDR Bloomberg Investment Grade Floating Rate ETF by 12.0% in the fourth quarter. Royal Bank of Canada now owns 2,143,297 shares of the company’s stock worth $65,863,000 after acquiring an additional 229,985 shares during the period. Morgan Stanley increased its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 7.1% during the fourth quarter. Morgan Stanley now owns 2,102,442 shares of the company’s stock worth $64,608,000 after acquiring an additional 138,501 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in SPDR Bloomberg Investment Grade Floating Rate ETF by 10.4% during the second quarter. Bank of America Corp DE now owns 1,935,009 shares of the company’s stock worth $59,656,000 after acquiring an additional 182,087 shares during the last quarter.

SPDR Bloomberg Investment Grade Floating Rate ETF Stock Performance

NYSEARCA:FLRN opened at $30.82 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 fifty day moving average is $30.78 and its two-hundred day moving average is $30.77.

SPDR Bloomberg Investment Grade Floating Rate ETF 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.