Parsons Capital Management Inc. RI Purchases 42,984 Shares of VanEck IG Floating Rate ETF $FLTR

Parsons Capital Management Inc. RI lifted its position in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 11.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 417,575 shares of the company’s stock after purchasing an additional 42,984 shares during the quarter. Parsons Capital Management Inc. RI owned about 0.42% of VanEck IG Floating Rate ETF worth $10,677,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Spire Wealth Management grew its position in VanEck IG Floating Rate ETF by 1,058.0% during the second quarter. Spire Wealth Management now owns 1,297 shares of the company’s stock worth $33,000 after buying an additional 1,185 shares in the last quarter. Bogart Wealth LLC grew its holdings in shares of VanEck IG Floating Rate ETF by 48.3% during the second quarter. Bogart Wealth LLC now owns 1,749 shares of the company’s stock worth $45,000 after purchasing an additional 570 shares in the last quarter. CWM LLC grew its holdings in shares of VanEck IG Floating Rate ETF by 554.3% during the third quarter. CWM LLC now owns 1,819 shares of the company’s stock worth $47,000 after purchasing an additional 1,541 shares in the last quarter. Sheets Smith Wealth Management bought a new position in shares of VanEck IG Floating Rate ETF in the third quarter worth approximately $205,000. Finally, J.W. Cole Advisors Inc. bought a new position in shares of VanEck IG Floating Rate ETF in the second quarter worth approximately $215,000.

VanEck IG Floating Rate ETF Price Performance

FLTR stock opened at $25.51 on Tuesday. VanEck IG Floating Rate ETF has a one year low of $24.59 and a one year high of $25.59. The firm has a 50 day simple moving average of $25.50 and a two-hundred day simple moving average of $25.50.

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.