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

VanEck Floating Rate ETF (NYSEARCA:FLTRGet Free Report)’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

(Get Free Report)

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.

Further Reading

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