Hershey Financial Advisers LLC Makes New $506,000 Investment in SPDR Bloomberg Investment Grade Floating Rate ETF $FLRN

Hershey Financial Advisers LLC purchased a new stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) during the 1st quarter, Holdings Channel.com reports. The fund purchased 16,443 shares of the company’s stock, valued at approximately $506,000.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 474.4% in the third quarter. JPMorgan Chase & Co. now owns 1,306,086 shares of the company’s stock worth $40,306,000 after purchasing an additional 1,078,702 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of SPDR Bloomberg Investment Grade Floating Rate ETF by 62.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,444,617 shares of the company’s stock valued at $75,123,000 after buying an additional 943,588 shares in the last quarter. Wealthfront Advisers LLC lifted its stake 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 in the last quarter. Beacon Capital Management Inc. boosted its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF by 141,609.6% in the 4th quarter. Beacon Capital Management Inc. now owns 396,787 shares of the company’s stock worth $12,193,000 after buying an additional 396,507 shares during the period. Finally, Jane Street Group LLC bought a new position in SPDR Bloomberg Investment Grade Floating Rate ETF in the 2nd quarter worth $10,679,000.

SPDR Bloomberg Investment Grade Floating Rate ETF Trading Up 0.0%

Shares of FLRN stock opened at $30.80 on Friday. SPDR Bloomberg Investment Grade Floating Rate ETF has a 52-week low of $30.63 and a 52-week high of $30.87. The stock has a fifty day simple moving average of $30.80 and a two-hundred day simple moving average of $30.78.

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.