SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) Reaches New 12-Month High – Should You Buy?

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN)’s stock price reached a new 52-week high on Friday . The stock traded as high as $30.88 and last traded at $30.88, with a volume of 23453 shares changing hands. The stock had previously closed at $30.86.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF Stock Performance

The company’s 50-day moving average price is $30.78 and its two-hundred day moving average price is $30.77.

Institutional Trading of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF

Institutional investors have recently made changes to their positions in the stock. L.M. Kohn & Company increased its holdings in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 25.8% in the 4th quarter. L.M. Kohn & Company now owns 11,685 shares of the company’s stock valued at $359,000 after buying an additional 2,395 shares during the period. Equitable Trust Co. acquired a new position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the 4th quarter valued at $567,000. MFA Wealth Advisors LLC raised its stake in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 9.4% in the 4th quarter. MFA Wealth Advisors LLC now owns 683,921 shares of the company’s stock valued at $21,017,000 after buying an additional 58,815 shares in the last quarter. Appleton Partners Inc. MA raised its stake in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 109.5% in the 4th quarter. Appleton Partners Inc. MA now owns 435,558 shares of the company’s stock valued at $13,385,000 after buying an additional 227,704 shares in the last quarter. Finally, Crews Bank & Trust acquired a new position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in the 4th quarter valued at $1,529,000.

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.