Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR – Get Free Report) saw strong trading volume on Friday . 1,080,478 shares traded hands during mid-day trading, an increase of 65% from the previous session’s volume of 653,885 shares.The stock last traded at $25.50 and had previously closed at $25.47.
VanEck Floating Rate ETF Stock Up 0.1 %
The business’s fifty day moving average is $25.42 and its 200 day moving average is $25.43.
Institutional Investors Weigh In On VanEck Floating Rate ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp boosted its stake in VanEck Floating Rate ETF by 294.7% in the 2nd quarter. Van ECK Associates Corp now owns 1,042 shares of the company’s stock worth $27,000 after purchasing an additional 778 shares during the period. Harbour Investments Inc. lifted its holdings in shares of VanEck Floating Rate ETF by 8.0% in the second quarter. Harbour Investments Inc. now owns 6,633 shares of the company’s stock valued at $169,000 after purchasing an additional 494 shares in the last quarter. Moller Wealth Partners acquired a new stake in shares of VanEck Floating Rate ETF in the second quarter worth $204,000. CHB Investment Group LLC purchased a new position in shares of VanEck Floating Rate ETF during the third quarter valued at $229,000. Finally, PFG Investments LLC acquired a new position in VanEck Floating Rate ETF during the third quarter valued at $248,000.
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.
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