ORBA Wealth Advisors L.L.C. raised its stake in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR – Free Report) by 389.7% in the fourth quarter, Holdings Channel reports. The fund owned 53,314 shares of the company’s stock after acquiring an additional 42,427 shares during the period. VanEck IG Floating Rate ETF comprises approximately 1.2% of ORBA Wealth Advisors L.L.C.’s holdings, making the stock its 27th biggest position. ORBA Wealth Advisors L.L.C.’s holdings in VanEck IG Floating Rate ETF were worth $1,358,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new position in VanEck IG Floating Rate ETF during the 3rd quarter valued at about $38,000. Tsfg LLC acquired a new stake in shares of VanEck IG Floating Rate ETF in the third quarter valued at $39,000. Family Management Corp acquired a new position in shares of VanEck IG Floating Rate ETF during the third quarter worth approximately $45,000. CWM LLC grew its stake in shares of VanEck IG Floating Rate ETF by 554.3% during the third quarter. CWM LLC now owns 1,819 shares of the company’s stock valued at $47,000 after purchasing an additional 1,541 shares during the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in shares of VanEck IG Floating Rate ETF in the fourth quarter valued at approximately $54,000.
VanEck IG Floating Rate ETF Price Performance
NYSEARCA FLTR opened at $25.51 on Friday. VanEck IG Floating Rate ETF has a 52 week low of $25.34 and a 52 week high of $25.59. The stock has a fifty day moving average of $25.47 and a 200-day moving average of $25.50.
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.
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