Strategic Financial Concepts LLC Purchases 32,740 Shares of VanEck IG Floating Rate ETF $FLTR

Strategic Financial Concepts LLC increased its position in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 6.8% during the second quarter, HoldingsChannel.com reports. The fund owned 512,998 shares of the company’s stock after acquiring an additional 32,740 shares during the period. VanEck IG Floating Rate ETF makes up approximately 1.8% of Strategic Financial Concepts LLC’s holdings, making the stock its 12th largest holding. Strategic Financial Concepts LLC’s holdings in VanEck IG Floating Rate ETF were worth $13,084,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP increased its holdings in VanEck IG Floating Rate ETF by 308.9% during the 1st quarter. Allworth Financial LP now owns 1,055 shares of the company’s stock worth $27,000 after acquiring an additional 797 shares during the period. Bogart Wealth LLC bought a new stake in VanEck IG Floating Rate ETF during the 1st quarter worth approximately $30,000. Spire Wealth Management increased its holdings in VanEck IG Floating Rate ETF by 1,058.0% during the 2nd quarter. Spire Wealth Management now owns 1,297 shares of the company’s stock worth $33,000 after acquiring an additional 1,185 shares during the period. Capital Investment Advisory Services LLC bought a new stake in VanEck IG Floating Rate ETF during the 1st quarter worth approximately $36,000. Finally, Iron Horse Wealth Management LLC increased its holdings in VanEck IG Floating Rate ETF by 500.0% during the 1st quarter. Iron Horse Wealth Management LLC now owns 3,000 shares of the company’s stock worth $77,000 after acquiring an additional 2,500 shares during the period.

VanEck IG Floating Rate ETF Stock Down 0.0%

VanEck IG Floating Rate ETF stock opened at $25.55 on Friday. The firm’s 50 day simple moving average is $25.52 and its 200 day simple moving average is $25.47. VanEck IG Floating Rate ETF has a 1-year low of $24.59 and a 1-year high of $25.59.

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.