Sovran Advisors LLC purchased a new position in VanEck Floating Rate ETF (NYSEARCA:FLTR – Free Report) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 147,928 shares of the company’s stock, valued at approximately $3,769,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Redhawk Wealth Advisors Inc. lifted its holdings in shares of VanEck Floating Rate ETF by 26.6% in the third quarter. Redhawk Wealth Advisors Inc. now owns 48,390 shares of the company’s stock worth $1,232,000 after buying an additional 10,161 shares in the last quarter. Marshall Financial Group LLC purchased a new stake in shares of VanEck Floating Rate ETF in the third quarter worth about $774,000. CHB Investment Group LLC purchased a new stake in shares of VanEck Floating Rate ETF in the third quarter worth about $229,000. Raymond James & Associates lifted its holdings in shares of VanEck Floating Rate ETF by 11.1% in the third quarter. Raymond James & Associates now owns 263,795 shares of the company’s stock worth $6,719,000 after buying an additional 26,364 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of VanEck Floating Rate ETF in the third quarter worth about $7,772,000.
VanEck Floating Rate ETF Price Performance
Shares of VanEck Floating Rate ETF stock opened at $25.48 on Tuesday. VanEck Floating Rate ETF has a 12-month low of $25.00 and a 12-month high of $25.56. The company’s 50-day moving average price is $25.48 and its 200-day moving average price is $25.45.
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.
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Want to see what other hedge funds are holding FLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Floating Rate ETF (NYSEARCA:FLTR – Free Report).
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