Deseret Mutual Benefit Administrators Purchases 86,227 Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR)

Deseret Mutual Benefit Administrators increased its position in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 18.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 557,508 shares of the company’s stock after purchasing an additional 86,227 shares during the period. VanEck Floating Rate ETF makes up approximately 6.6% of Deseret Mutual Benefit Administrators’ portfolio, making the stock its 4th largest position. Deseret Mutual Benefit Administrators owned about 0.92% of VanEck Floating Rate ETF worth $14,222,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. acquired a new position in VanEck Floating Rate ETF during the fourth quarter worth about $43,000. Private Advisor Group LLC lifted its position in shares of VanEck Floating Rate ETF by 13.1% in the fourth quarter. Private Advisor Group LLC now owns 13,825 shares of the company’s stock valued at $348,000 after acquiring an additional 1,602 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of VanEck Floating Rate ETF during the fourth quarter valued at $64,000. Cary Street Partners Investment Advisory LLC increased its position in VanEck Floating Rate ETF by 1.7% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 102,264 shares of the company’s stock worth $2,572,000 after purchasing an additional 1,727 shares in the last quarter. Finally, NBC Securities Inc. raised its stake in VanEck Floating Rate ETF by 35.0% in the 4th quarter. NBC Securities Inc. now owns 3,565 shares of the company’s stock valued at $89,000 after purchasing an additional 925 shares during the last quarter.

VanEck Floating Rate ETF Stock Performance

NYSEARCA:FLTR remained flat at $25.34 on Thursday. 57,239 shares of the company’s stock were exchanged, compared to its average volume of 663,727. VanEck Floating Rate ETF has a 52 week low of $25.00 and a 52 week high of $25.52. The stock’s 50-day simple moving average is $25.41 and its two-hundred day simple moving average is $25.43.

About VanEck 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.