Robinhood Asset Management LLC Purchases Shares of 25,752 VanEck IG Floating Rate ETF $FLTR

Robinhood Asset Management LLC purchased a new stake in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) during the 4th quarter, Holdings Channel reports. The firm purchased 25,752 shares of the company’s stock, valued at approximately $656,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in VanEck IG Floating Rate ETF in the 3rd quarter valued at $38,000. Tsfg LLC bought a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at about $39,000. Family Management Corp bought a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at about $45,000. CWM LLC grew its position 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 valued at $47,000 after acquiring an additional 1,541 shares during the period. Finally, Caitlin John LLC bought a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at about $87,000.

VanEck IG Floating Rate ETF Price Performance

Shares of FLTR opened at $25.39 on Tuesday. The firm has a 50-day moving average of $25.50 and a 200-day moving average of $25.51. VanEck IG Floating Rate ETF has a one year low of $24.59 and a one year high of $25.59.

VanEck IG Floating Rate ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.086 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, March 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.