Laffer Tengler Investments Inc. Raises Stake in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Laffer Tengler Investments Inc. grew its holdings in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,317 shares of the company’s stock after acquiring an additional 6,643 shares during the quarter. Laffer Tengler Investments Inc. owned 0.09% of VanEck Floating Rate ETF worth $1,459,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Strategic Financial Concepts LLC grew its holdings in shares of VanEck Floating Rate ETF by 3,267.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 11,667,315 shares of the company’s stock valued at $296,933,000 after purchasing an additional 11,320,822 shares during the last quarter. Arete Wealth Advisors LLC boosted its position in VanEck Floating Rate ETF by 25.9% during the third quarter. Arete Wealth Advisors LLC now owns 812,947 shares of the company’s stock valued at $20,699,000 after buying an additional 167,475 shares during the period. Concord Asset Management LLC VA boosted its position in VanEck Floating Rate ETF by 6.1% during the third quarter. Concord Asset Management LLC VA now owns 737,942 shares of the company’s stock valued at $18,795,000 after buying an additional 42,408 shares during the period. Deseret Mutual Benefit Administrators grew its stake in shares of VanEck Floating Rate ETF by 4.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 704,119 shares of the company’s stock valued at $17,920,000 after buying an additional 31,782 shares during the last quarter. Finally, Ocean Park Asset Management LLC purchased a new position in shares of VanEck Floating Rate ETF in the fourth quarter worth about $14,932,000.

VanEck Floating Rate ETF Price Performance

NYSEARCA FLTR opened at $25.47 on Wednesday. VanEck Floating Rate ETF has a 1-year low of $25.00 and a 1-year high of $25.58. The stock has a 50-day moving average of $25.50 and a 200-day moving average of $25.46.

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.