State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) is a publicly traded company in the Financial Services sector, operating within the Asset Management industry. The company is headquartered in Boston, MA, United States.
FLRN has IPO date of 2011-12-01, listed on the NYSE, a market capitalization of $2.79B.
State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) is an exchange-traded fund that invests at least 80% of its assets in U.S. dollar-denominated investment grade floating rate notes tracked by the Bloomberg index. The fund aims to replicate the performance of floating rate debt securities with investment grade credit quality, providing exposure to bonds whose interest payments adjust with market rates. By focusing on floating rate instruments, the ETF offers investors a strategy to manage interest rate risk in a rising rate environment while maintaining exposure to quality corporate debt.
