Compass Financial Management LLC bought a new position in VanEck IG Floating Rate ETF (NYSEARCA:FLTR – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 319,364 shares of the company’s stock, valued at approximately $8,171,000. VanEck IG Floating Rate ETF makes up approximately 1.0% of Compass Financial Management LLC’s portfolio, making the stock its 20th biggest holding. Compass Financial Management LLC owned 0.27% of VanEck IG Floating Rate ETF at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in FLTR. Virtue Capital Management LLC grew its position in VanEck IG Floating Rate ETF by 13,805.5% during the 4th quarter. Virtue Capital Management LLC now owns 1,161,111 shares of the company’s stock valued at $29,597,000 after purchasing an additional 1,152,761 shares during the last quarter. Insight Wealth Strategies LLC purchased a new position in VanEck IG Floating Rate ETF in the second quarter worth about $28,229,000. Lane Brothers & Co. Inc. bought a new position in shares of VanEck IG Floating Rate ETF in the fourth quarter worth approximately $15,002,000. Corient Private Wealth LLC bought a new position in shares of VanEck IG Floating Rate ETF in the fourth quarter worth approximately $11,647,000. Finally, Kensington Asset Management LLC grew its holdings in shares of VanEck IG Floating Rate ETF by 20.6% during the fourth quarter. Kensington Asset Management LLC now owns 2,589,451 shares of the company’s stock valued at $65,902,000 after buying an additional 442,359 shares during the last quarter.
VanEck IG Floating Rate ETF Price Performance
Shares of FLTR opened at $25.60 on Friday. The firm has a 50 day moving average of $25.56 and a 200 day moving average of $25.52. VanEck IG Floating Rate ETF has a twelve month low of $25.34 and a twelve month high of $25.61.
VanEck IG Floating Rate ETF 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.
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