Bank of New York Mellon Corp vs State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF — how do they compare? Bank of New York Mellon Corp trades at $161.02 (market cap $108.78B), while State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF trades at $30.77. The key difference: Bank of New York Mellon Corp pays a 1.38% dividend while State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF pays none, and Bank of New York Mellon Corp is trading nearer its 52-week high, State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF nearer its low. Which is the better fit depends on your goals.
| BNY | FLRN | |
|---|---|---|
Market Cap | $108.78B | — |
Sector | Financials | Sector/Thematic |
52-Week High | $162.35 | $30.86 |
52-Week Low | $101.00 | $30.65 |
Dividend Yield | 1.38% | — |
Trailing returns across standard periods
Latest headlines on both assets
BNY Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with about $41.1 trillion in under custody and administration (as of Dec. 31, 2020), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY Mellon's asset-management division manages about $2.2 trillion in assets.
Read more on BNY →FLRN invests in U.S. dollar-denominated investment-grade floating rate notes with maturities under five years. It provides exposure to corporate and supranational debt whose interest payments adjust with market rates, helping to mitigate interest rate risk.
Read more on FLRN →