VanEck Floating Rate ETF (NYSEARCA:FLTR) Sets New 1-Year High at $25.51

Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) hit a new 52-week high on Monday . The stock traded as high as $25.51 and last traded at $25.51, with a volume of 59888 shares traded. The stock had previously closed at $25.50.

VanEck Floating Rate ETF Price Performance

The company has a 50-day moving average price of $25.43 and a 200 day moving average price of $25.29.

Institutional Trading of VanEck Floating Rate ETF

Several institutional investors have recently made changes to their positions in the company. Baldwin Brothers LLC MA acquired a new position in shares of VanEck Floating Rate ETF during the fourth quarter worth about $28,000. IFP Advisors Inc purchased a new position in shares of VanEck Floating Rate ETF during the 3rd quarter worth approximately $30,000. Benjamin F. Edwards & Company Inc. acquired a new stake in VanEck Floating Rate ETF during the fourth quarter worth approximately $43,000. WealthShield Partners LLC purchased a new stake in VanEck Floating Rate ETF in the fourth quarter valued at approximately $60,000. Finally, Principal Securities Inc. purchased a new stake in shares of VanEck Floating Rate ETF in the fourth quarter worth about $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.