Lane Brothers & Co. Inc. Makes New Investment in VanEck IG Floating Rate ETF $FLTR

Lane Brothers & Co. Inc. purchased a new position in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 588,788 shares of the company’s stock, valued at approximately $15,002,000. VanEck IG Floating Rate ETF makes up 10.9% of Lane Brothers & Co. Inc.’s investment portfolio, making the stock its 2nd biggest holding. Lane Brothers & Co. Inc. owned 0.59% of VanEck IG Floating Rate ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of FLTR. Goldman Sachs Group Inc. acquired a new stake in VanEck IG Floating Rate ETF in the first quarter worth about $1,969,000. JPMorgan Chase & Co. lifted its stake in shares of VanEck IG Floating Rate ETF by 53.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 52,140 shares of the company’s stock worth $1,330,000 after acquiring an additional 18,103 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of VanEck IG Floating Rate ETF by 5.1% in the second quarter. Raymond James Financial Inc. now owns 1,680,949 shares of the company’s stock valued at $42,864,000 after acquiring an additional 81,597 shares in the last quarter. Vista Investment Management boosted its holdings in shares of VanEck IG Floating Rate ETF by 8.0% in the second quarter. Vista Investment Management now owns 255,518 shares of the company’s stock valued at $6,516,000 after acquiring an additional 18,862 shares in the last quarter. Finally, Ameriprise Financial Inc. increased 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 valued at $12,851,000 after acquiring an additional 177,757 shares during the period.

VanEck IG Floating Rate ETF Stock Performance

NYSEARCA FLTR opened at $25.56 on Friday. VanEck IG Floating Rate ETF has a 12 month low of $25.34 and a 12 month high of $25.59. The company’s 50 day simple moving average is $25.52 and its 200 day simple moving average is $25.51.

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.