Lane Brothers & Co. Inc. Buys New Position in VanEck IG Floating Rate ETF $FLTR

Lane Brothers & Co. Inc. bought a new stake in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) in the 4th quarter, Holdings Channel.com reports. The firm bought 588,788 shares of the company’s stock, valued at approximately $15,002,000. VanEck IG Floating Rate ETF makes up approximately 10.9% of Lane Brothers & Co. Inc.’s holdings, making the stock its 2nd largest position.

A number of other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in VanEck IG Floating Rate ETF by 0.8% in the 4th quarter. Wells Fargo & Company MN now owns 4,539,629 shares of the company’s stock valued at $115,670,000 after acquiring an additional 37,828 shares during the last quarter. Kensington Asset Management LLC raised its holdings in shares of VanEck IG Floating Rate ETF by 20.6% in the 4th quarter. Kensington Asset Management LLC now owns 2,589,451 shares of the company’s stock worth $65,902,000 after purchasing an additional 442,359 shares in the last quarter. Raymond James Financial Inc. lifted its stake in VanEck IG Floating Rate ETF by 11.8% during the third quarter. Raymond James Financial Inc. now owns 1,880,084 shares of the company’s stock valued at $48,074,000 after purchasing an additional 199,135 shares during the last quarter. Bank of America Corp DE lifted its stake in VanEck IG Floating Rate ETF by 27.4% during the third quarter. Bank of America Corp DE now owns 1,481,675 shares of the company’s stock valued at $37,886,000 after purchasing an additional 318,361 shares during the last quarter. Finally, Fusion Capital LLC boosted its holdings in VanEck IG Floating Rate ETF by 3.6% during the fourth quarter. Fusion Capital LLC now owns 1,412,133 shares of the company’s stock worth $35,981,000 after buying an additional 49,131 shares in the last quarter.

VanEck IG Floating Rate ETF Stock Performance

VanEck IG Floating Rate ETF stock opened at $25.56 on Friday. VanEck IG Floating Rate ETF has a 1 year low of $25.34 and a 1 year high of $25.59. The firm’s 50 day moving average price is $25.52 and its two-hundred day moving average price is $25.51.

VanEck IG Floating Rate ETF Company 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.