State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN)
State Street SPDR Bloomberg Investment Grade Floating Rate ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $30.77, up 0.03% on the session, giving a market capitalisation of $2.96B. Its beta of 0.02 implies it has historically moved less than the broad market.
The State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) aims to mirror, before fees and expenses, the price and income returns of the Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index. This ETF provides investors with access to investment-grade debt securities that pay adjustable interest rates, typically with a fixed premium above a benchmark. For inclusion in the underlying index, these securities must have a remaining term of at least one month but less than five years, and command an outstanding principal amount of $300 million or more. The index's composition is updated and rebalanced on the final business day of every month.
State Street SPDR Bloomberg Investment Grade Floating Rate ETF is most often compared with the following Financial Services names: