Inspire Advisors LLC Sells 160,317 Shares of VanEck IG Floating Rate ETF $FLTR

Inspire Advisors LLC lessened its position in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 88.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,449 shares of the company’s stock after selling 160,317 shares during the quarter. Inspire Advisors LLC’s holdings in VanEck IG Floating Rate ETF were worth $521,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FLTR. Wealthfront Advisers LLC lifted its stake in VanEck IG Floating Rate ETF by 182.0% in the second quarter. Wealthfront Advisers LLC now owns 5,159,089 shares of the company’s stock worth $131,557,000 after purchasing an additional 3,329,539 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its stake in shares of VanEck IG Floating Rate ETF by 2.9% during 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. LPL Financial LLC lifted its stake in shares of VanEck IG Floating Rate ETF by 22.9% during the 1st quarter. LPL Financial LLC now owns 3,779,799 shares of the company’s stock worth $96,574,000 after acquiring an additional 705,037 shares during the last quarter. Keudell Morrison Wealth Management boosted its holdings in VanEck IG Floating Rate ETF by 35.3% during the 2nd 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 period. Finally, Raymond James Financial Inc. grew its position in VanEck IG Floating Rate ETF by 58.6% in the 1st quarter. Raymond James Financial Inc. now owns 1,599,352 shares of the company’s stock valued at $40,863,000 after acquiring an additional 591,153 shares during the last quarter.

VanEck IG Floating Rate ETF Stock Performance

NYSEARCA:FLTR opened at $25.51 on Thursday. VanEck IG Floating Rate ETF has a twelve month low of $24.59 and a twelve month high of $25.59. The stock has a fifty day simple moving average of $25.51 and a 200-day simple moving average of $25.48.

VanEck IG 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.