State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
25 hedge funds and large institutions have $107M invested in State Street SPDR Bloomberg Investment Grade Floating Rate ETF in 2014 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 6 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 9
0.44% less ownership
Funds ownership: 30.7% → 30.26% (-0.44%)
1% less capital invested
Capital invested by funds: $108M → $107M (-$833K)
14% less funds holding
Funds holding: 29 → 25 (-4)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$9.07M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.88M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.27M |
| 4 |
NEPWA
New England Private Wealth Advisors
Wellesley,
Massachusetts
|
+$1M |
| 5 |
Morgan Stanley
New York
|
+$796K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$11.3M |
| 2 |
VNB
Valley National Bancorp
New York
|
-$2.47M |
| 3 |
AII
AGF Investments Inc
Toronto,
Ontario, Canada
|
-$1.29M |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$1.28M |
| 5 |
AP
Advisors Preferred
Rockville,
Maryland
|
-$582K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AP
26
Advisors Preferred
Rockville,
Maryland
| – | -$582K | -19,000 | Closed |
|
|
WA
27
WFG Advisors
Dallas,
Texas
| – | -$560K | -18,270 | Closed |
|
|
KFS
28
KMS Financial Services
Seattle,
Washington
| – | -$207K | -6,765 | Closed |
|
|
PI
29
Placemark Investments
Chicago,
Illinois
| – | -$208K | -6,765 | Closed |
|
30
Envestnet Asset Management
Chicago,
Illinois
| – | -$21K | -700 | Closed |
|
31
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$2K | -81 | Closed |
|
FLRN Hedge Fund Activity: Q1 2014 in Review
25 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) for Q1 2014, worth a combined $107M — down 0.77% from $108M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FLRN and 2 opened new positions — a net loss of 4 holders — while 9 trimmed existing stakes and 10 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $9.07M. The largest seller was Bank of America, cutting an estimated $11.3M.
- 25 institutional investors held State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) as of Q1 2014, down from 29 in Q4 2013.
- Funds reported $107M of State Street SPDR Bloomberg Investment Grade Floating Rate ETF stock for Q1 2014, down 0.77% quarter-over-quarter.
- 2 funds opened new State Street SPDR Bloomberg Investment Grade Floating Rate ETF positions in Q1 2014 and 6 closed out, a net change of -4 holders.
- The largest State Street SPDR Bloomberg Investment Grade Floating Rate ETF buyer in Q1 2014 was Susquehanna International Group, an estimated $9.07M added.
- The largest State Street SPDR Bloomberg Investment Grade Floating Rate ETF seller in Q1 2014 was Bank of America, an estimated $11.3M sold.
Based on aggregated 13F filings for Q1 2014.