Traub Capital Management LLC has acquired a new stake in the SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA: FLRN), according to its latest 13F filing with the Securities and Exchange Commission. In the second quarter of this year, the firm purchased 6,739 shares of the ETF, representing an investment valued at approximately $208,000.
This acquisition is part of a broader trend among institutional investors, many of whom have adjusted their positions in the SPDR Bloomberg ETF recently. For instance, in the first quarter, Greykasell Wealth Strategies Inc. initiated a position worth around $30,000. During the same period, Harbor Asset Planning Inc. invested approximately $62,000 in the fund.
Further changes came from IFP Advisors Inc., which increased its stake by an impressive 122.5% during the second quarter. The firm now holds 5,200 shares valued at about $160,000 after acquiring an additional 2,863 shares during this time. Additionally, GoalVest Advisory LLC and Strategic Financial Concepts LLC made new investments in the ETF, valued at approximately $163,000 and $206,000 respectively.
Market Performance of SPDR Bloomberg ETF
As of the latest trading session, the SPDR Bloomberg Investment Grade Floating Rate ETF opened at $30.80. The fund’s fifty-day moving average stands at $30.79, while its 200-day moving average is noted at $30.77. Over the past year, the ETF has experienced a fifty-two week low of $30.01 and a high of $30.88.
The SPDR Bloomberg Investment Grade Floating Rate ETF, launched on November 30, 2011, primarily invests in investment-grade fixed income securities. The fund tracks an index comprised of USD-denominated, investment-grade floating rate notes, with maturities ranging between 1 month and 5 years. It is managed by State Street, a prominent financial services firm.
For those interested in tracking the movements of this ETF and others, resources such as HoldingsChannel.com provide up-to-date 13F filings and insider trades. Additionally, investors can sign up for daily summaries of news and analyst ratings related to the SPDR Bloomberg Investment Grade Floating Rate ETF through MarketBeat.com’s email newsletter.
