Opal Wealth Advisors LLC Reduces Holdings in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Opal Wealth Advisors LLC lowered its position in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 2.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 65,800 shares of the company’s stock after selling 1,661 shares during the period. Opal Wealth Advisors LLC’s holdings in VanEck Floating Rate ETF were worth $1,676,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FLTR. Strategic Financial Concepts LLC purchased a new position in shares of VanEck Floating Rate ETF in the second quarter worth about $158,758,000. LPL Financial LLC grew its stake in VanEck Floating Rate ETF by 36.4% in the 2nd 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 in the last quarter. Renaissance Technologies LLC raised its holdings in VanEck Floating Rate ETF by 61.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,542,400 shares of the company’s stock valued at $39,347,000 after acquiring an additional 588,300 shares during the period. Edmonds Duncan Registered Investment Advisors LLC raised its holdings in VanEck Floating Rate ETF by 2.0% during the 1st quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 1,509,466 shares of the company’s stock valued at $38,506,000 after acquiring an additional 29,179 shares during the period. Finally, KFA Private Wealth Group LLC boosted its holdings in shares of VanEck Floating Rate ETF by 5.8% in the first quarter. KFA Private Wealth Group LLC now owns 970,195 shares of the company’s stock worth $24,750,000 after acquiring an additional 53,561 shares during the period.

VanEck Floating Rate ETF Trading Down 0.1 %

NYSEARCA:FLTR opened at $25.42 on Wednesday. The business’s fifty day moving average is $25.40 and its 200 day moving average is $25.42. VanEck Floating Rate ETF has a 52-week low of $25.00 and a 52-week high of $25.52.

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.