Verdence Capital Advisors LLC acquired a new stake in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 281,356 shares of the company’s stock, valued at approximately $7,200,000.
Several other hedge funds also recently added to or reduced their stakes in FLTR. Whittier Trust Co. acquired a new stake in shares of VanEck IG Floating Rate ETF in the 1st quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its stake in VanEck IG Floating Rate ETF by 103.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,015 shares of the company’s stock worth $26,000 after purchasing an additional 516 shares in the last quarter. Assetmark Inc. increased its holdings in VanEck IG Floating Rate ETF by 126.6% in the first quarter. Assetmark Inc. now owns 1,659 shares of the company’s stock valued at $42,000 after buying an additional 927 shares during the last quarter. Allworth Financial LP increased its holdings in VanEck IG Floating Rate ETF by 182.9% in the second quarter. Allworth Financial LP now owns 2,246 shares of the company’s stock valued at $58,000 after buying an additional 1,452 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in VanEck IG Floating Rate ETF by 130.0% during the second quarter. NewEdge Advisors LLC now owns 4,600 shares of the company’s stock valued at $118,000 after buying an additional 2,600 shares in the last quarter.
VanEck IG Floating Rate ETF Stock Performance
Shares of NYSEARCA FLTR opened at $25.57 on Tuesday. The stock’s 50 day moving average price is $25.56 and its two-hundred day moving average price is $25.53. VanEck IG Floating Rate ETF has a 52-week low of $25.35 and a 52-week high of $25.61.
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.
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