I last covered the SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) in mid-2023. In that article, I argued that FLRN's good 5.9% yield and stable share price made the fund a buy. FLRN returned 5.9% since, outperforming most bonds and bond sub-asset classes, with the exception of high-yield bonds and senior loans. FLRN's fundamentals remain strong, and so the fund remains a buy. Due to its stable share price, and considering likely Federal Reserve cuts, the fund might be of particular interest to more short-term or risk-averse investors, in my opinion at least.