Deseret Mutual Benefit Administrators Purchases 114,829 Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR)

Deseret Mutual Benefit Administrators lifted its position in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 20.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 672,337 shares of the company’s stock after purchasing an additional 114,829 shares during the quarter. VanEck Floating Rate ETF accounts for approximately 8.7% of Deseret Mutual Benefit Administrators’ portfolio, making the stock its 2nd largest holding. Deseret Mutual Benefit Administrators’ holdings in VanEck Floating Rate ETF were worth $17,124,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FLTR. BNP Paribas Financial Markets increased its position in shares of VanEck Floating Rate ETF by 18,220.1% during the first quarter. BNP Paribas Financial Markets now owns 25,465 shares of the company’s stock worth $650,000 after purchasing an additional 25,326 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of VanEck Floating Rate ETF by 5.2% during the first quarter. Janney Montgomery Scott LLC now owns 24,955 shares of the company’s stock worth $637,000 after purchasing an additional 1,227 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of VanEck Floating Rate ETF in the 2nd quarter worth approximately $1,091,000. Raymond James & Associates grew its position in VanEck Floating Rate ETF by 11.1% in the 3rd quarter. Raymond James & Associates now owns 263,795 shares of the company’s stock valued at $6,719,000 after acquiring an additional 26,364 shares in the last quarter. Finally, MGO One Seven LLC increased its stake in VanEck Floating Rate ETF by 14.4% during the second quarter. MGO One Seven LLC now owns 93,182 shares of the company’s stock worth $2,377,000 after purchasing an additional 11,753 shares during the period.

VanEck Floating Rate ETF Price Performance

Shares of FLTR stock opened at $25.43 on Thursday. VanEck Floating Rate ETF has a 52 week low of $25.00 and a 52 week high of $25.52. The firm has a 50 day moving average of $25.42 and a two-hundred day moving average of $25.43.

VanEck Floating Rate ETF Profile

The VanEck Investment Grade Floating Rate ETF (FLTR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US dollar-denominated, investment-grade floating-rate notes issued by corporate entities. FLTR was launched on Apr 25, 2011 and is managed by VanEck.