MGB Wealth Management LLC Sells 593 Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR)

MGB Wealth Management LLC lowered its position in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 7.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,660 shares of the company’s stock after selling 593 shares during the quarter. MGB Wealth Management LLC’s holdings in VanEck Floating Rate ETF were worth $195,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FLTR. Savvy Advisors Inc. boosted its stake in VanEck Floating Rate ETF by 3.4% during the 3rd quarter. Savvy Advisors Inc. now owns 16,729 shares of the company’s stock valued at $426,000 after purchasing an additional 544 shares during the last quarter. IHT Wealth Management LLC boosted its position in shares of VanEck Floating Rate ETF by 2.4% during the third quarter. IHT Wealth Management LLC now owns 25,629 shares of the company’s stock valued at $653,000 after buying an additional 589 shares during the last quarter. PFG Investments LLC increased its holdings in VanEck Floating Rate ETF by 7.8% in the 4th quarter. PFG Investments LLC now owns 10,508 shares of the company’s stock worth $267,000 after buying an additional 759 shares in the last quarter. Boyce & Associates Wealth Consulting Inc. increased its holdings in VanEck Floating Rate ETF by 7.9% in the 4th quarter. Boyce & Associates Wealth Consulting Inc. now owns 11,177 shares of the company’s stock worth $284,000 after buying an additional 818 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in VanEck Floating Rate ETF by 5.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 24,706 shares of the company’s stock worth $629,000 after buying an additional 1,250 shares during the last quarter.

VanEck Floating Rate ETF Price Performance

Shares of NYSEARCA FLTR opened at $25.49 on Thursday. The firm’s 50-day moving average price is $25.49 and its 200-day moving average price is $25.45. VanEck Floating Rate ETF has a 52-week low of $25.00 and a 52-week high of $25.56.

About VanEck Floating Rate ETF

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.