VanEck Floating Rate ETF (NYSEARCA:FLTR) Reaches New 12-Month High – Here’s What Happened

VanEck Floating Rate ETF (NYSEARCA:FLTR)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $25.52 and last traded at $25.50, with a volume of 768828 shares changing hands. The stock had previously closed at $25.50.

VanEck Floating Rate ETF Stock Performance

The company’s fifty day simple moving average is $25.42 and its 200 day simple moving average is $25.43.

Hedge Funds Weigh In On VanEck Floating Rate ETF

Large investors have recently made changes to their positions in the stock. Strategic Financial Concepts LLC purchased a new stake in VanEck Floating Rate ETF in the 2nd quarter worth approximately $158,758,000. Renaissance Technologies LLC boosted its stake in VanEck Floating Rate ETF by 61.7% during the second quarter. Renaissance Technologies LLC now owns 1,542,400 shares of the company’s stock valued at $39,347,000 after buying an additional 588,300 shares during the period. LPL Financial LLC boosted its stake in VanEck Floating Rate ETF by 36.4% during the second quarter. LPL Financial LLC now owns 2,141,838 shares of the company’s stock valued at $54,638,000 after buying an additional 571,178 shares during the period. Envestnet Asset Management Inc. grew its position in VanEck Floating Rate ETF by 108.7% during the second quarter. Envestnet Asset Management Inc. now owns 949,370 shares of the company’s stock worth $24,218,000 after buying an additional 494,368 shares in the last quarter. Finally, Family Firm Inc. increased its stake in VanEck Floating Rate ETF by 126.1% in the 2nd quarter. Family Firm Inc. now owns 647,004 shares of the company’s stock worth $16,505,000 after acquiring an additional 360,867 shares during the last quarter.

VanEck 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.