Wealthfront Advisers LLC Sells 222,674 Shares of VanEck IG Floating Rate ETF $FLTR

Wealthfront Advisers LLC lessened its holdings in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 4.3% in the third quarter, Holdings Channel.com reports. The firm owned 4,936,415 shares of the company’s stock after selling 222,674 shares during the period. Wealthfront Advisers LLC’s holdings in VanEck IG Floating Rate ETF were worth $126,224,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FLTR. Spire Wealth Management raised 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 valued at $33,000 after purchasing an additional 1,185 shares during the period. Tsfg LLC purchased a new stake in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at about $39,000. Bogart Wealth LLC grew its holdings in shares of VanEck IG Floating Rate ETF by 48.3% during the second quarter. Bogart Wealth LLC now owns 1,749 shares of the company’s stock worth $45,000 after purchasing an additional 570 shares in the last quarter. CWM LLC increased its holdings in shares of VanEck IG Floating Rate ETF by 554.3% in the 3rd quarter. CWM LLC now owns 1,819 shares of the company’s stock worth $47,000 after buying an additional 1,541 shares during the last quarter. Finally, Sheets Smith Wealth Management purchased a new position in VanEck IG Floating Rate ETF in the third quarter worth $205,000.

VanEck IG Floating Rate ETF Price Performance

FLTR opened at $25.54 on Tuesday. The business’s fifty day simple moving average is $25.51 and its 200 day simple moving average is $25.51. VanEck IG Floating Rate ETF has a 52 week low of $24.59 and a 52 week high of $25.59.

VanEck IG Floating Rate ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.0947 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, February 2nd.

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.