CHB Investment Group LLC Increases Holdings in VanEck Floating Rate ETF (NYSEARCA:FLTR)

CHB Investment Group LLC increased its holdings in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 42.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,799 shares of the company’s stock after purchasing an additional 3,793 shares during the quarter. CHB Investment Group LLC’s holdings in VanEck Floating Rate ETF were worth $326,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldstone Financial Group LLC bought a new position in VanEck Floating Rate ETF in the 3rd quarter worth approximately $202,000. PFG Investments LLC bought a new position in shares of VanEck Floating Rate ETF during the third quarter worth $248,000. First Heartland Consultants Inc. purchased a new position in VanEck Floating Rate ETF during the third quarter valued at $265,000. Boyce & Associates Wealth Consulting Inc. increased its holdings in VanEck Floating Rate ETF by 7.9% in the 4th quarter. Boyce & Associates Wealth Consulting Inc. now owns 11,177 shares of the company’s stock valued at $284,000 after acquiring an additional 818 shares during the last quarter. Finally, Synovus Financial Corp purchased a new stake in VanEck Floating Rate ETF in the 3rd quarter worth $294,000.

VanEck Floating Rate ETF Stock Performance

Shares of VanEck Floating Rate ETF stock opened at $25.49 on Tuesday. VanEck Floating Rate ETF has a twelve month low of $25.00 and a twelve month high of $25.54. The business has a 50-day moving average price of $25.47 and a 200-day moving average price of $25.44.

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.