Sovran Advisors LLC Sells 78,226 Shares of VanEck IG Floating Rate ETF $FLTR

Sovran Advisors LLC lessened its stake in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 39.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 122,404 shares of the company’s stock after selling 78,226 shares during the period. Sovran Advisors LLC’s holdings in VanEck IG Floating Rate ETF were worth $3,123,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FLTR. Ameritas Advisory Services LLC purchased a new position in VanEck IG Floating Rate ETF during the third quarter worth $38,000. Tsfg LLC purchased a new stake in shares of VanEck IG Floating Rate ETF in the third quarter valued at $39,000. Family Management Corp purchased a new stake in shares of VanEck IG Floating Rate ETF in the third quarter valued at $45,000. CWM LLC lifted its holdings in shares of VanEck IG Floating Rate ETF by 554.3% in the 3rd quarter. CWM LLC now owns 1,819 shares of the company’s stock worth $47,000 after acquiring an additional 1,541 shares during the last quarter. Finally, Caitlin John LLC bought a new stake in shares of VanEck IG Floating Rate ETF in the 3rd quarter worth about $87,000.

VanEck IG Floating Rate ETF Price Performance

FLTR stock opened at $25.38 on Friday. VanEck IG Floating Rate ETF has a 12 month low of $24.59 and a 12 month high of $25.59. The company has a 50-day moving average price of $25.51 and a 200 day moving average price of $25.51.

VanEck IG Floating Rate ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.086 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.1%.

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.