VanEck Floating Rate ETF (NYSEARCA:FLTR) Hits New 52-Week Low – Here’s What Happened

VanEck Floating Rate ETF (NYSEARCA:FLTR)’s share price reached a new 52-week low on Saturday . The stock traded as low as $24.85 and last traded at $24.96, with a volume of 6111625 shares traded. The stock had previously closed at $25.39.

VanEck Floating Rate ETF Price Performance

The firm’s fifty day moving average price is $25.50 and its two-hundred day moving average price is $25.48.

Institutional Trading of VanEck Floating Rate ETF

Several institutional investors and hedge funds have recently modified their holdings of FLTR. IronOak Wealth LLC. bought a new position in shares of VanEck Floating Rate ETF in the fourth quarter worth approximately $271,000. Virtue Capital Management LLC increased its holdings in shares of VanEck Floating Rate ETF by 15.8% in the 4th quarter. Virtue Capital Management LLC now owns 909,855 shares of the company’s stock worth $23,156,000 after buying an additional 124,290 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of VanEck Floating Rate ETF during the 4th quarter valued at $338,000. Liberty Square Wealth Partners LLC purchased a new stake in shares of VanEck Floating Rate ETF during the 4th quarter valued at $1,243,000. Finally, Vista Investment Management grew its position in VanEck Floating Rate ETF by 7.4% in the fourth quarter. Vista Investment Management now owns 221,558 shares of the company’s stock worth $5,639,000 after acquiring an additional 15,294 shares in the last quarter.

About VanEck 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.