Milestone Asset Management LLC bought a new position in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 46,766 shares of the company’s stock, valued at approximately $1,197,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kensington Asset Management LLC increased its stake in VanEck IG Floating Rate ETF by 15.4% in the first quarter. Kensington Asset Management LLC now owns 2,989,379 shares of the company’s stock valued at $76,169,000 after purchasing an additional 399,928 shares during the last quarter. Bank of America Corp DE lifted its position in shares of VanEck IG Floating Rate ETF by 7.9% during the 1st quarter. Bank of America Corp DE now owns 1,694,850 shares of the company’s stock worth $43,185,000 after buying an additional 123,390 shares during the last quarter. Insight Wealth Strategies LLC purchased a new stake in shares of VanEck IG Floating Rate ETF during the 3rd quarter worth approximately $29,143,000. Lane Brothers & Co. Inc. lifted its position in shares of VanEck IG Floating Rate ETF by 5.6% during the 1st quarter. Lane Brothers & Co. Inc. now owns 621,858 shares of the company’s stock worth $15,845,000 after buying an additional 33,070 shares during the last quarter. Finally, White Pine Investment CO purchased a new stake in shares of VanEck IG Floating Rate ETF during the 3rd quarter worth approximately $15,055,000.
VanEck IG Floating Rate ETF Stock Performance
Shares of VanEck IG Floating Rate ETF stock opened at $25.56 on Friday. The company has a fifty day simple moving average of $25.56 and a 200-day simple moving average of $25.54. VanEck IG Floating Rate ETF has a 12-month low of $25.35 and a 12-month high of $25.61.
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.
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