Deseret Mutual Benefit Administrators Trims Stock Position in VanEck IG Floating Rate ETF $FLTR

Deseret Mutual Benefit Administrators decreased its position in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 5.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 526,799 shares of the company’s stock after selling 32,290 shares during the period. VanEck IG Floating Rate ETF makes up approximately 5.7% of Deseret Mutual Benefit Administrators’ holdings, making the stock its 4th largest holding. Deseret Mutual Benefit Administrators owned approximately 0.52% of VanEck IG Floating Rate ETF worth $13,470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthfront Advisers LLC raised its holdings in shares of VanEck IG Floating Rate ETF by 182.0% during the 2nd quarter. Wealthfront Advisers LLC now owns 5,159,089 shares of the company’s stock valued at $131,557,000 after buying an additional 3,329,539 shares in the last quarter. Keudell Morrison Wealth Management grew its position in VanEck IG Floating Rate ETF by 35.3% during the second quarter. Keudell Morrison Wealth Management now owns 1,609,862 shares of the company’s stock valued at $41,051,000 after acquiring an additional 420,374 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of VanEck IG Floating Rate ETF by 53.2% during the second quarter. Ameriprise Financial Inc. now owns 512,181 shares of the company’s stock worth $12,851,000 after acquiring an additional 177,757 shares in the last quarter. Destiny Wealth Partners LLC raised its stake in shares of VanEck IG Floating Rate ETF by 203.9% during the second quarter. Destiny Wealth Partners LLC now owns 245,008 shares of the company’s stock worth $6,248,000 after acquiring an additional 164,400 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of VanEck IG Floating Rate ETF by 2.9% in the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 4,272,209 shares of the company’s stock worth $108,941,000 after acquiring an additional 120,351 shares during the last quarter.

VanEck IG Floating Rate ETF Price Performance

Shares of VanEck IG Floating Rate ETF stock opened at $25.55 on Friday. VanEck IG Floating Rate ETF has a 52-week low of $24.59 and a 52-week high of $25.59. The company has a fifty day moving average of $25.50 and a 200-day moving average of $25.51.

VanEck IG 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.