VanEck Floating Rate ETF (NYSEARCA:FLTR) Reaches New 1-Year High – Time to Buy?

VanEck Floating Rate ETF (NYSEARCA:FLTRGet Free Report)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $25.53 and last traded at $25.53, with a volume of 675235 shares traded. The stock had previously closed at $25.51.

VanEck Floating Rate ETF Trading Up 0.0 %

The business has a 50-day simple moving average of $25.47 and a two-hundred day simple moving average of $25.43.

Hedge Funds Weigh In On VanEck Floating Rate ETF

A number of large investors have recently made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in shares of VanEck Floating Rate ETF by 294.7% during the second quarter. Van ECK Associates Corp now owns 1,042 shares of the company’s stock worth $27,000 after buying an additional 778 shares in the last quarter. Harbour Investments Inc. raised its stake in VanEck Floating Rate ETF by 8.0% in the 2nd quarter. Harbour Investments Inc. now owns 6,633 shares of the company’s stock worth $169,000 after purchasing an additional 494 shares in the last quarter. Goldstone Financial Group LLC bought a new stake in VanEck Floating Rate ETF in the 3rd quarter valued at about $202,000. CHB Investment Group LLC acquired a new stake in VanEck Floating Rate ETF during the third quarter worth approximately $229,000. Finally, PFG Investments LLC bought a new position in VanEck Floating Rate ETF during the 3rd quarter worth $248,000.

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.

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