Deseret Mutual Benefit Administrators Cuts Stock Position in VanEck IG Floating Rate ETF $FLTR

Deseret Mutual Benefit Administrators trimmed its position in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 5.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 526,799 shares of the company’s stock after selling 32,290 shares during the quarter. VanEck IG Floating Rate ETF accounts for approximately 5.7% of Deseret Mutual Benefit Administrators’ holdings, making the stock its 4th biggest holding. Deseret Mutual Benefit Administrators’ holdings in VanEck IG Floating Rate ETF were worth $13,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FLTR. All Terrain Financial Advisors LLC increased its position in shares of VanEck IG Floating Rate ETF by 4.8% in the second quarter. All Terrain Financial Advisors LLC now owns 179,894 shares of the company’s stock valued at $4,587,000 after acquiring an additional 8,176 shares during the period. Insigneo Advisory Services LLC grew its stake in shares of VanEck IG Floating Rate ETF by 4.2% in the second quarter. Insigneo Advisory Services LLC now owns 70,867 shares of the company’s stock worth $1,807,000 after purchasing an additional 2,850 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of VanEck IG Floating Rate ETF by 49.2% in the second quarter. Park Avenue Securities LLC now owns 21,042 shares of the company’s stock worth $537,000 after purchasing an additional 6,937 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in VanEck IG Floating Rate ETF by 20.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 215,487 shares of the company’s stock valued at $5,495,000 after purchasing an additional 35,967 shares during the period. Finally, WealthPlan Investment Management LLC raised its position in VanEck IG Floating Rate ETF by 17.2% during the 2nd quarter. WealthPlan Investment Management LLC now owns 404,710 shares of the company’s stock valued at $10,320,000 after purchasing an additional 59,394 shares during the last quarter.

VanEck IG Floating Rate ETF Stock Performance

NYSEARCA FLTR opened at $25.55 on Friday. VanEck IG Floating Rate ETF has a fifty-two week low of $24.59 and a fifty-two week high of $25.59. The stock has a 50 day simple moving average of $25.50 and a two-hundred day simple moving average of $25.51.

VanEck IG 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.