First Horizon Advisors Inc. Purchases New Shares in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN)

First Horizon Advisors Inc. acquired a new position in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 1,115 shares of the company’s stock, valued at approximately $34,000.

A number of other hedge funds have also recently modified their holdings of FLRN. Curbstone Financial Management Corp lifted its holdings in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 3.9% during the second quarter. Curbstone Financial Management Corp now owns 625,126 shares of the company’s stock valued at $19,285,000 after purchasing an additional 23,414 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the second quarter worth $17,506,000. Nisa Investment Advisors LLC bought a new position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF during the second quarter valued at $4,057,000. 1620 Investment Advisors Inc. purchased a new position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the 2nd quarter worth about $26,000. Finally, Farther Finance Advisors LLC boosted its stake in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 32.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 39,064 shares of the company’s stock worth $1,199,000 after purchasing an additional 9,666 shares in the last quarter.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF Price Performance

Shares of FLRN stock opened at $30.82 on Tuesday. SPDR Bloomberg Barclays Investment Grade Floating Rate ETF has a one year low of $30.32 and a one year high of $30.88. The company’s 50-day moving average is $30.78 and its 200 day moving average is $30.77.

About SPDR Bloomberg Barclays 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.