VanEck Floating Rate ETF (NYSEARCA:FLTR) Stake Boosted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its position in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 21.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,896 shares of the company’s stock after buying an additional 13,584 shares during the quarter. Avantax Advisory Services Inc. owned 0.13% of VanEck Floating Rate ETF worth $1,957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Financial Concepts LLC lifted its position in shares of VanEck Floating Rate ETF by 3,267.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 11,667,315 shares of the company’s stock valued at $296,933,000 after acquiring an additional 11,320,822 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of VanEck Floating Rate ETF in the fourth quarter valued at $25,659,000. Arete Wealth Advisors LLC boosted its position in shares of VanEck Floating Rate ETF by 25.9% in the third quarter. Arete Wealth Advisors LLC now owns 812,947 shares of the company’s stock worth $20,699,000 after buying an additional 167,475 shares during the period. Deseret Mutual Benefit Administrators grew its holdings in shares of VanEck Floating Rate ETF by 4.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 704,119 shares of the company’s stock valued at $17,920,000 after buying an additional 31,782 shares in the last quarter. Finally, Ocean Park Asset Management LLC acquired a new position in VanEck Floating Rate ETF during the fourth quarter valued at $14,932,000.

VanEck Floating Rate ETF Price Performance

Shares of VanEck Floating Rate ETF stock opened at $25.51 on Tuesday. VanEck Floating Rate ETF has a 1 year low of $25.00 and a 1 year high of $25.58. The stock has a 50-day moving average price of $25.51 and a 200 day moving average price of $25.47.

VanEck 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.