VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sees Unusually-High Trading Volume – Still a Buy?

Shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) saw unusually-high trading volume on Wednesday . Approximately 2,098,909 shares were traded during mid-day trading, an increase of 170% from the previous session’s volume of 778,177 shares.The stock last traded at $25.5350 and had previously closed at $25.52.

VanEck IG Floating Rate ETF Price Performance

The firm’s fifty day moving average price is $25.50 and its 200-day moving average price is $25.50.

Institutional Investors Weigh In On VanEck IG Floating Rate ETF

A number of hedge funds have recently modified their holdings of the business. Benjamin Edwards Inc. lifted its holdings in shares of VanEck IG Floating Rate ETF by 4.8% in the third quarter. Benjamin Edwards Inc. now owns 10,884 shares of the company’s stock valued at $278,000 after purchasing an additional 498 shares in the last quarter. Bogart Wealth LLC increased its position in shares of VanEck IG Floating Rate ETF by 48.3% during the 2nd quarter. Bogart Wealth LLC now owns 1,749 shares of the company’s stock worth $45,000 after purchasing an additional 570 shares during the last quarter. Western Wealth Management LLC raised its position in VanEck IG Floating Rate ETF by 1.5% during the second quarter. Western Wealth Management LLC now owns 41,563 shares of the company’s stock worth $1,060,000 after acquiring an additional 618 shares in the last quarter. Silvia Mccoll Wealth Management LLC lifted its stake in VanEck IG Floating Rate ETF by 2.3% in the fourth quarter. Silvia Mccoll Wealth Management LLC now owns 31,686 shares of the company’s stock valued at $807,000 after acquiring an additional 718 shares during the last quarter. Finally, MGB Wealth Management LLC increased its stake in shares of VanEck IG Floating Rate ETF by 9.2% during the 3rd quarter. MGB Wealth Management LLC now owns 8,682 shares of the company’s stock worth $222,000 after purchasing an additional 735 shares during the last quarter.

VanEck IG Floating Rate ETF Company 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.