Wealthfront Advisers LLC Purchases 3,329,539 Shares of VanEck IG Floating Rate ETF $FLTR

Wealthfront Advisers LLC raised its position in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 182.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,159,089 shares of the company’s stock after acquiring an additional 3,329,539 shares during the period. Wealthfront Advisers LLC owned about 5.37% of VanEck IG Floating Rate ETF worth $131,557,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP raised its position in VanEck IG Floating Rate ETF by 308.9% in the first quarter. Allworth Financial LP now owns 1,055 shares of the company’s stock worth $27,000 after purchasing an additional 797 shares in the last quarter. Bogart Wealth LLC acquired a new position in shares of VanEck IG Floating Rate ETF in the 1st quarter worth approximately $30,000. Capital Investment Advisory Services LLC bought a new position in shares of VanEck IG Floating Rate ETF during the 1st quarter worth approximately $36,000. WASHINGTON TRUST Co acquired a new stake in VanEck IG Floating Rate ETF in the 1st quarter valued at $50,000. Finally, Iron Horse Wealth Management LLC boosted its stake in VanEck IG Floating Rate ETF by 500.0% in the 1st quarter. Iron Horse Wealth Management LLC now owns 3,000 shares of the company’s stock valued at $77,000 after buying an additional 2,500 shares in the last quarter.

VanEck IG Floating Rate ETF Stock Performance

VanEck IG Floating Rate ETF stock opened at $25.55 on Friday. The stock has a fifty day moving average price of $25.52 and a two-hundred day moving average price of $25.45. VanEck IG Floating Rate ETF has a 52-week low of $24.59 and a 52-week high of $25.59.

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.