Bank of New York Mellon Corp Has $20.95 Million Stake in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN)

Bank of New York Mellon Corp increased its holdings in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 155.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 689,791 shares of the company’s stock after buying an additional 420,145 shares during the period. Bank of New York Mellon Corp owned 0.52% of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF worth $20,949,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Assetmark Inc. boosted its holdings in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 374.2% in the 3rd quarter. Assetmark Inc. now owns 1,811,818 shares of the company’s stock valued at $55,786,000 after purchasing an additional 1,429,761 shares during the period. Appleton Partners Inc. MA raised its position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 301.4% during the 4th quarter. Appleton Partners Inc. MA now owns 409,524 shares of the company’s stock valued at $12,437,000 after buying an additional 307,490 shares in the last quarter. USAdvisors Wealth Management LLC purchased a new stake in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF during the 4th quarter valued at $5,747,000. Capital Advantage Inc. raised its position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 16.5% during the 4th quarter. Capital Advantage Inc. now owns 1,236,078 shares of the company’s stock valued at $37,540,000 after buying an additional 174,995 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF by 26.8% during the 3rd quarter. Baird Financial Group Inc. now owns 814,418 shares of the company’s stock valued at $25,011,000 after buying an additional 172,249 shares in the last quarter.

NYSEARCA:FLRN traded up $0.01 during trading hours on Friday, reaching $30.69. The company’s stock had a trading volume of 925,956 shares, compared to its average volume of 1,541,646. SPDR Bloomberg Barclays Investment Grade Floating Rate ETF has a 1 year low of $30.21 and a 1 year high of $30.81.

The company also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a $0.0797 dividend. This is a boost from SPDR Bloomberg Barclays Investment Grade Floating Rate ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, April 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.12%.

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Further Reading: Quiet Period

Institutional Ownership by Quarter for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN)

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