Twelve Points Wealth Management LLC purchased a new stake in VanEck Floating Rate ETF (NYSEARCA:FLTR – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 452,043 shares of the company’s stock, valued at approximately $11,504,000. VanEck Floating Rate ETF accounts for about 3.3% of Twelve Points Wealth Management LLC’s holdings, making the stock its 3rd largest position. Twelve Points Wealth Management LLC owned 0.74% of VanEck Floating Rate ETF as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in FLTR. Goldstone Financial Group LLC bought a new stake in shares of VanEck Floating Rate ETF during the 3rd quarter valued at about $202,000. CHB Investment Group LLC acquired a new stake in shares of VanEck Floating Rate ETF during the 3rd quarter worth approximately $229,000. PFG Investments LLC bought a new stake in shares of VanEck Floating Rate ETF in the 3rd quarter valued at $248,000. First Heartland Consultants Inc. acquired a new position in shares of VanEck Floating Rate ETF during the 3rd quarter valued at $265,000. Finally, Greater Midwest Financial Group LLC bought a new position in VanEck Floating Rate ETF during the fourth quarter worth $281,000.
VanEck Floating Rate ETF Stock Performance
NYSEARCA:FLTR opened at $25.54 on Wednesday. The firm has a fifty day simple moving average of $25.48 and a two-hundred day simple moving average of $25.44. VanEck Floating Rate ETF has a 12 month low of $25.00 and a 12 month high of $25.54.
VanEck Floating Rate ETF 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.
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