VanEck Floating Rate ETF (NYSEARCA:FLTR) Sees Large Volume Increase

Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) saw strong trading volume on Monday . 1,009,854 shares changed hands during mid-day trading, an increase of 110% from the previous session’s volume of 481,883 shares.The stock last traded at $25.45 and had previously closed at $25.43.

VanEck Floating Rate ETF Price Performance

The stock has a 50-day moving average of $25.42 and a two-hundred day moving average of $25.28.

Hedge Funds Weigh In On VanEck Floating Rate ETF

A number of large investors have recently bought and sold shares of FLTR. Baldwin Brothers LLC MA purchased a new position in VanEck Floating Rate ETF in the 4th quarter worth approximately $28,000. IFP Advisors Inc purchased a new position in shares of VanEck Floating Rate ETF during the third quarter valued at approximately $30,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of VanEck Floating Rate ETF during the fourth quarter valued at approximately $43,000. WealthShield Partners LLC purchased a new position in shares of VanEck Floating Rate ETF during the fourth quarter valued at approximately $60,000. Finally, Principal Securities Inc. purchased a new position in shares of VanEck Floating Rate ETF during the fourth quarter valued at approximately $64,000.

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.