Montis Financial LLC Sells 2,797 Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR)

Montis Financial LLC trimmed its position in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 1.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 140,929 shares of the company’s stock after selling 2,797 shares during the quarter. VanEck Floating Rate ETF makes up about 1.1% of Montis Financial LLC’s investment portfolio, making the stock its 20th biggest holding. Montis Financial LLC’s holdings in VanEck Floating Rate ETF were worth $3,587,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Avantax Advisory Services Inc. boosted its position in shares of VanEck Floating Rate ETF by 21.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 76,896 shares of the company’s stock worth $1,957,000 after purchasing an additional 13,584 shares during the last quarter. PFG Advisors boosted its position in shares of VanEck Floating Rate ETF by 8.4% in the 4th quarter. PFG Advisors now owns 29,356 shares of the company’s stock worth $747,000 after purchasing an additional 2,270 shares during the last quarter. Independent Advisor Alliance bought a new position in shares of VanEck Floating Rate ETF in the 4th quarter worth $701,000. Meriwether Wealth & Planning LLC bought a new position in shares of VanEck Floating Rate ETF in the 4th quarter worth $1,177,000. Finally, Raymond James Financial Inc. bought a new position in shares of VanEck Floating Rate ETF in the 4th quarter worth $25,659,000.

VanEck Floating Rate ETF Stock Performance

NYSEARCA:FLTR opened at $25.51 on Friday. VanEck Floating Rate ETF has a 12-month low of $25.00 and a 12-month high of $25.58. The stock’s fifty day simple moving average is $25.51 and its 200-day simple moving average is $25.47.

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.