VanEck Floating Rate ETF (NYSEARCA:FLTR) Reaches New 52-Week High – Here’s Why

VanEck Floating Rate ETF (NYSEARCA:FLTR) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $25.54 and last traded at $25.54, with a volume of 396561 shares traded. The stock had previously closed at $25.52.

VanEck Floating Rate ETF Trading Up 0.1 %

The firm has a fifty day moving average of $25.48 and a 200 day moving average of $25.44.

Institutional Investors Weigh In On VanEck Floating Rate ETF

A number of hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers increased its position in shares of VanEck Floating Rate ETF by 133.8% in the 2nd quarter. Cetera Investment Advisers now owns 180,051 shares of the company’s stock worth $4,593,000 after purchasing an additional 103,025 shares during the last quarter. Silvia Mccoll Wealth Management LLC bought a new stake in VanEck Floating Rate ETF in the third quarter valued at about $952,000. Park Avenue Securities LLC raised its stake in VanEck Floating Rate ETF by 7.2% during the third quarter. Park Avenue Securities LLC now owns 45,851 shares of the company’s stock valued at $1,168,000 after buying an additional 3,084 shares in the last quarter. City Center Advisors LLC lifted its holdings in VanEck Floating Rate ETF by 48.1% during the 3rd quarter. City Center Advisors LLC now owns 19,649 shares of the company’s stock worth $500,000 after buying an additional 6,379 shares during the last quarter. Finally, Callan Family Office LLC acquired a new position in shares of VanEck Floating Rate ETF in the 3rd quarter worth approximately $304,000.

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.