Modern Wealth Management LLC Has $932,000 Stock Position in VanEck IG Floating Rate ETF $FLTR

Modern Wealth Management LLC lowered its position in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 45.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,464 shares of the company’s stock after selling 29,975 shares during the quarter. Modern Wealth Management LLC’s holdings in VanEck IG Floating Rate ETF were worth $932,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. All Terrain Financial Advisors LLC raised its stake 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 purchasing an additional 8,176 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in VanEck IG Floating Rate ETF by 24.9% during the third quarter. Envestnet Asset Management Inc. now owns 411,424 shares of the company’s stock worth $10,520,000 after buying an additional 82,055 shares in the last quarter. Insigneo Advisory Services LLC increased its holdings in VanEck IG Floating Rate ETF by 4.2% in the 2nd quarter. Insigneo Advisory Services LLC now owns 70,867 shares of the company’s stock valued at $1,807,000 after buying an additional 2,850 shares during the period. Geneos Wealth Management Inc. increased its holdings in VanEck IG Floating Rate ETF by 20.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 215,487 shares of the company’s stock valued at $5,495,000 after buying an additional 35,967 shares during the period. Finally, Centurion Wealth Management LLC acquired a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at $511,000.

VanEck IG Floating Rate ETF Stock Down 0.1%

NYSEARCA:FLTR opened at $25.48 on Tuesday. The company has a 50-day moving average of $25.53 and a 200-day moving average of $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 firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.086 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.