Prevail Innovative Wealth Advisors LLC Has $1.60 Million Position in VanEck IG Floating Rate ETF $FLTR

Prevail Innovative Wealth Advisors LLC boosted its holdings in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 55.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,460 shares of the company’s stock after buying an additional 22,245 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in VanEck IG Floating Rate ETF were worth $1,597,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Pinnacle Wealth Planning Services Inc. grew its holdings in VanEck IG Floating Rate ETF by 2.9% during the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 4,272,209 shares of the company’s stock worth $108,941,000 after acquiring an additional 120,351 shares during the last quarter. Raymond James Financial Inc. increased its position in VanEck IG Floating Rate ETF by 5.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,680,949 shares of the company’s stock valued at $42,864,000 after acquiring an additional 81,597 shares during the period. Fusion Capital LLC raised its stake in shares of VanEck IG Floating Rate ETF by 25.9% during the third quarter. Fusion Capital LLC now owns 1,363,002 shares of the company’s stock valued at $34,825,000 after acquiring an additional 280,560 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of VanEck IG Floating Rate ETF by 5.5% during the second quarter. Osaic Holdings Inc. now owns 789,080 shares of the company’s stock valued at $20,122,000 after acquiring an additional 40,821 shares during the last quarter. Finally, Twelve Points Wealth Management LLC lifted its holdings in shares of VanEck IG Floating Rate ETF by 11.9% during the third quarter. Twelve Points Wealth Management LLC now owns 564,220 shares of the company’s stock worth $14,427,000 after purchasing an additional 59,798 shares during the period.

VanEck IG Floating Rate ETF Price Performance

Shares of VanEck IG Floating Rate ETF stock opened at $25.51 on Monday. VanEck IG Floating Rate ETF has a twelve month low of $24.59 and a twelve month high of $25.59. The company’s fifty day moving average is $25.53 and its 200 day moving average is $25.51.

VanEck IG Floating Rate ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.086 per share. This represents a c) annualized dividend and a yield of 4.0%. 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.