Smith Thornton Advisors LLC Grows Stock Position in VanEck IG Floating Rate ETF (NYSEARCA:FLTR)

Smith Thornton Advisors LLC increased its position in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 66.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 118,361 shares of the company’s stock after buying an additional 47,437 shares during the quarter. VanEck IG Floating Rate ETF comprises approximately 1.9% of Smith Thornton Advisors LLC’s portfolio, making the stock its 13th largest position. Smith Thornton Advisors LLC’s holdings in VanEck IG Floating Rate ETF were worth $3,024,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Andrew Hill Investment Advisors Inc. raised its position in shares of VanEck IG Floating Rate ETF by 3.3% during the 1st quarter. Andrew Hill Investment Advisors Inc. now owns 16,855 shares of the company’s stock valued at $431,000 after buying an additional 531 shares during the period. Western Wealth Management LLC raised its position in shares of VanEck IG Floating Rate ETF by 1.6% during the 1st quarter. Western Wealth Management LLC now owns 40,945 shares of the company’s stock valued at $1,046,000 after buying an additional 630 shares during the period. IHT Wealth Management LLC raised its position in shares of VanEck IG Floating Rate ETF by 3.0% during the 4th quarter. IHT Wealth Management LLC now owns 26,388 shares of the company’s stock valued at $672,000 after buying an additional 759 shares during the period. Allworth Financial LP raised its position in shares of VanEck IG Floating Rate ETF by 308.9% during the 1st quarter. Allworth Financial LP now owns 1,055 shares of the company’s stock valued at $27,000 after buying an additional 797 shares during the period. Finally, Destiny Wealth Partners LLC raised its position in shares of VanEck IG Floating Rate ETF by 1.2% during the 1st quarter. Destiny Wealth Partners LLC now owns 80,608 shares of the company’s stock valued at $2,060,000 after buying an additional 942 shares during the period.

VanEck IG Floating Rate ETF Stock Up 0.0%

FLTR stock opened at $25.46 on Friday. The firm’s 50 day moving average price is $25.42 and its 200-day moving average price is $25.43. VanEck IG Floating Rate ETF has a one year low of $24.59 and a one year high of $25.58.

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.