19,685 Shares in VanEck IG Floating Rate ETF $FLTR Bought by Independent Wealth Network Inc.

Independent Wealth Network Inc. purchased a new position in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,685 shares of the company’s stock, valued at approximately $503,000.

A number of other large investors have also recently added to or reduced their stakes in FLTR. Spire Wealth Management increased its stake in shares of VanEck IG Floating Rate ETF by 1,058.0% during the 2nd quarter. Spire Wealth Management now owns 1,297 shares of the company’s stock worth $33,000 after purchasing an additional 1,185 shares during the last quarter. Bogart Wealth LLC lifted its stake in VanEck IG Floating Rate ETF by 48.3% in the 2nd quarter. Bogart Wealth LLC now owns 1,749 shares of the company’s stock valued at $45,000 after purchasing an additional 570 shares during the last quarter. J.W. Cole Advisors Inc. bought a new position in VanEck IG Floating Rate ETF during the second quarter worth about $215,000. Sequoia Financial Advisors LLC bought a new stake in VanEck IG Floating Rate ETF in the second quarter valued at approximately $234,000. Finally, Brookwood Investment Group LLC raised its stake in VanEck IG Floating Rate ETF by 11.5% in the second quarter. Brookwood Investment Group LLC now owns 9,514 shares of the company’s stock valued at $243,000 after buying an additional 984 shares during the period.

VanEck IG Floating Rate ETF Trading Up 0.0%

Shares of NYSEARCA FLTR opened at $25.55 on Thursday. The stock has a 50 day moving average of $25.50 and a 200-day moving average of $25.50. VanEck IG Floating Rate ETF has a 12 month low of $24.59 and a 12 month high of $25.59.

About VanEck IG 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.