SeaCrest Wealth Management LLC Buys New Position in VanEck IG Floating Rate ETF $FLTR

SeaCrest Wealth Management LLC acquired a new position in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 21,033 shares of the company’s stock, valued at approximately $538,000.

Several other large investors have also added to or reduced their stakes in FLTR. Kensington Asset Management LLC increased its holdings in shares of VanEck IG Floating Rate ETF by 15.4% during the first quarter. Kensington Asset Management LLC now owns 2,989,379 shares of the company’s stock valued at $76,169,000 after acquiring an additional 399,928 shares in the last quarter. Bank of America Corp DE lifted its position in VanEck IG Floating Rate ETF by 7.9% in the 1st quarter. Bank of America Corp DE now owns 1,694,850 shares of the company’s stock valued at $43,185,000 after acquiring an additional 123,390 shares in the last quarter. Insight Wealth Strategies LLC purchased a new stake in shares of VanEck IG Floating Rate ETF in the third quarter worth approximately $29,143,000. Lane Brothers & Co. Inc. lifted its stake in VanEck IG Floating Rate ETF by 5.6% during the 1st quarter. Lane Brothers & Co. Inc. now owns 621,858 shares of the company’s stock valued at $15,845,000 after acquiring an additional 33,070 shares in the last quarter. Finally, White Pine Investment CO purchased a new stake in shares of VanEck IG Floating Rate ETF in the third quarter valued at about $15,055,000.

VanEck IG Floating Rate ETF Price Performance

Shares of NYSEARCA FLTR traded down $0.01 during midday trading on Friday, reaching $25.56. The company’s stock had a trading volume of 2,482,457 shares, compared to its average volume of 1,104,686. The firm has a 50 day moving average price of $25.56 and a 200-day moving average price of $25.54. VanEck IG Floating Rate ETF has a 12-month low of $25.35 and a 12-month high of $25.61.

About VanEck IG Floating Rate ETF

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.