VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Reaches New 12-Month High – Here’s What Happened

VanEck IG Floating Rate ETF (NYSEARCA:FLTRGet Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $25.59 and last traded at $25.58, with a volume of 718173 shares. The stock had previously closed at $25.58.

VanEck IG Floating Rate ETF Stock Performance

The company has a 50-day moving average price of $25.53 and a two-hundred day moving average price of $25.51.

VanEck IG Floating Rate ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.0947 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.4%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC bought a new position in shares of VanEck IG Floating Rate ETF in the fourth quarter worth $30,000. Spire Wealth Management grew its position in VanEck IG Floating Rate ETF by 1,058.0% during the second quarter. Spire Wealth Management now owns 1,297 shares of the company’s stock worth $33,000 after buying an additional 1,185 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in VanEck IG Floating Rate ETF in the 3rd quarter worth about $38,000. Tsfg LLC bought a new position in VanEck IG Floating Rate ETF in the 3rd quarter worth about $39,000. Finally, Family Management Corp bought a new stake in shares of VanEck IG Floating Rate ETF during the 3rd quarter valued at about $45,000.

VanEck IG Floating Rate ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for VanEck IG Floating Rate ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck IG Floating Rate ETF and related companies with MarketBeat.com's FREE daily email newsletter.