Deseret Mutual Benefit Administrators Grows Stock Holdings in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Deseret Mutual Benefit Administrators raised its position in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 704,119 shares of the company’s stock after acquiring an additional 31,782 shares during the period. VanEck Floating Rate ETF makes up approximately 8.8% of Deseret Mutual Benefit Administrators’ investment portfolio, making the stock its 2nd largest position. Deseret Mutual Benefit Administrators owned about 1.16% of VanEck Floating Rate ETF worth $17,920,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. grew its stake in shares of VanEck Floating Rate ETF by 29.4% in the fourth quarter. Principal Securities Inc. now owns 5,082 shares of the company’s stock valued at $129,000 after acquiring an additional 1,155 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. Sanctuary Advisors LLC acquired a new position in shares of VanEck Floating Rate ETF during the 4th quarter worth approximately $248,000. PFG Investments LLC bought a new position in shares of VanEck Floating Rate ETF during the third quarter worth approximately $248,000. Finally, First Heartland Consultants Inc. acquired a new stake in shares of VanEck Floating Rate ETF in the third quarter valued at approximately $265,000.

VanEck Floating Rate ETF Price Performance

Shares of NYSEARCA:FLTR opened at $25.56 on Friday. The business’s 50 day simple moving average is $25.50 and its 200 day simple moving average is $25.45. VanEck Floating Rate ETF has a 1 year low of $25.00 and a 1 year high of $25.56.

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.