Parsons Capital Management Inc. RI Buys 8,930 Shares of VanEck IG Floating Rate ETF $FLTR

Parsons Capital Management Inc. RI lifted its stake in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 374,591 shares of the company’s stock after purchasing an additional 8,930 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in VanEck IG Floating Rate ETF were worth $9,552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FLTR. Demars Financial Group LLC raised its holdings in VanEck IG Floating Rate ETF by 132.0% in the 1st quarter. Demars Financial Group LLC now owns 12,550,406 shares of the company’s stock worth $320,663,000 after acquiring an additional 7,141,038 shares during the last quarter. Ramiah Investment Group purchased a new position in VanEck IG Floating Rate ETF in the 1st quarter worth approximately $44,616,000. Keudell Morrison Wealth Management purchased a new position in VanEck IG Floating Rate ETF in the 1st quarter worth approximately $30,391,000. LPL Financial LLC raised its holdings in VanEck IG Floating Rate ETF by 22.9% in 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. Finally, Atria Investments Inc raised its holdings in VanEck IG Floating Rate ETF by 7,267.0% in the 1st quarter. Atria Investments Inc now owns 656,105 shares of the company’s stock worth $16,763,000 after acquiring an additional 647,199 shares during the last quarter.

VanEck IG Floating Rate ETF Stock Performance

Shares of NYSEARCA FLTR opened at $25.47 on Thursday. VanEck IG Floating Rate ETF has a twelve month low of $24.59 and a twelve month high of $25.59. The company has a 50 day moving average of $25.52 and a 200 day moving average of $25.44.

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.