94,807 Shares in VanEck IG Floating Rate ETF $FLTR Acquired by ORBA Wealth Advisors L.L.C.

ORBA Wealth Advisors L.L.C. bought a new stake in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 94,807 shares of the company’s stock, valued at approximately $2,426,000. VanEck IG Floating Rate ETF makes up approximately 2.1% of ORBA Wealth Advisors L.L.C.’s portfolio, making the stock its 13th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kensington Asset Management LLC boosted its holdings in VanEck IG Floating Rate ETF by 15.4% in the first quarter. Kensington Asset Management LLC now owns 2,989,379 shares of the company’s stock valued at $76,169,000 after acquiring an additional 399,928 shares in the last quarter. Bank of America Corp DE increased its position in VanEck IG Floating Rate ETF by 7.9% during the 1st quarter. Bank of America Corp DE now owns 1,694,850 shares of the company’s stock valued at $43,185,000 after purchasing an additional 123,390 shares during the period. Insight Wealth Strategies LLC purchased a new position in VanEck IG Floating Rate ETF during the 3rd quarter valued at $29,143,000. Demars Financial Group LLC purchased a new position in VanEck IG Floating Rate ETF during the 3rd quarter valued at $18,350,000. Finally, Lane Brothers & Co. Inc. raised its holdings in VanEck IG Floating Rate ETF by 5.6% in the 1st quarter. Lane Brothers & Co. Inc. now owns 621,858 shares of the company’s stock worth $15,845,000 after purchasing an additional 33,070 shares in the last quarter.

VanEck IG Floating Rate ETF Stock Performance

Shares of NYSEARCA FLTR opened at $25.56 on Friday. The firm has a fifty day simple moving average of $25.56 and a two-hundred day simple moving average of $25.54. VanEck IG Floating Rate ETF has a 12 month low of $25.35 and a 12 month high of $25.61.

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.