SPDR Bloomberg Investment Grade Floating Rate ETFFLRN
FLRN
0
Funds holding %
of 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
35% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 37
27% more call options, than puts
Call options by funds: $1.19M | Put options by funds: $937K
5% more funds holding in top 10
Funds holding in top 10: 22 [Q3] → 23 (+1) [Q4]
3% more funds holding
Funds holding: 312 [Q3] → 320 (+8) [Q4]
5% less repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 111
9.57% less ownership
Funds ownership: 65.85% [Q3] → 56.28% (-9.57%) [Q4]
12% less capital invested
Capital invested by funds: $1.56B [Q3] → $1.37B (-$194M) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for FLRN.
Financial journalist opinion
Negative
Seeking Alpha
5 months ago
FLRN: What Is Next For This Floating Rate Fund (Rating Downgrade)
The thesis argues that FLRN, a floating rate ETF, is likely to underperform in a falling interest rate environment. The thesis highlights the strong historical performance of FLRN, the anticipated Fed rate cuts, and the potential negative impact of falling rates on FLRN's floating rate exposure. While some market participants are pricing a 50 bps September 2024 Fed cut, our base case predicts only 25 bps, with cuts at each Fed meeting after.
Positive
Seeking Alpha
8 months ago
FLRN: Simple Investment-Grade Floating Rate ETF, Good 5.9% Yield
FLRN invests in floating rate investment-grade bonds, resulting in a stable share price and low volatility. The fund currently offers a 5.9% dividend yield, making it a buy for short-term or risk-averse investors. FLRN's performance track-record is reasonably good, with prospective long-term returns in the 2.5% - 4.0% range depending on Fed policy.
Positive
Seeking Alpha
1 year ago
FLRN: Floating Rate Investment Grade Bonds, 6.06% Yield
SPD Bloomberg Investment Grade Floating Rate ETF is a fixed-income ETF that holds floating rate investment grade bonds. The ETF offers a spread pick-up over treasuries with a 6.06% 30-day SEC yield. FLRN has exhibited a steady performance and a low duration, providing a total return of nearly 6% in 2023 with a modest -2.5% drawdown.
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