Avalon Capital Management Purchases Shares of 98,861 VanEck Floating Rate ETF (NYSEARCA:FLTR)

Avalon Capital Management bought a new stake in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 98,861 shares of the company’s stock, valued at approximately $2,516,000.

Other institutional investors also recently modified their holdings of the company. Raymond James & Associates grew its stake in VanEck Floating Rate ETF by 11.1% during the third quarter. Raymond James & Associates now owns 263,795 shares of the company’s stock worth $6,719,000 after buying an additional 26,364 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of VanEck Floating Rate ETF by 71.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,000 shares of the company’s stock valued at $306,000 after acquiring an additional 5,000 shares in the last quarter. PFG Investments LLC bought a new position in shares of VanEck Floating Rate ETF in the third quarter worth $248,000. Integrated Advisors Network LLC raised its holdings in shares of VanEck Floating Rate ETF by 21.9% during the 3rd quarter. Integrated Advisors Network LLC now owns 12,220 shares of the company’s stock worth $311,000 after buying an additional 2,195 shares in the last quarter. Finally, Goldstone Financial Group LLC acquired a new stake in shares of VanEck Floating Rate ETF during the 3rd quarter valued at $202,000.

VanEck Floating Rate ETF Stock Performance

Shares of FLTR opened at $25.57 on Tuesday. The business has a 50-day moving average of $25.50 and a 200-day moving average of $25.45. VanEck Floating Rate ETF has a 1 year low of $25.00 and a 1 year high of $25.57.

VanEck 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.