VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Reaches New 12-Month High – Should You Buy?

Shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) reached a new 52-week high on Tuesday . The company traded as high as $25.59 and last traded at $25.56, with a volume of 502848 shares. The stock had previously closed at $25.55.

VanEck IG Floating Rate ETF Price Performance

The company’s 50-day moving average is $25.52 and its two-hundred day moving average is $25.51.

Institutional Investors Weigh In On VanEck IG Floating Rate ETF

Several large investors have recently made changes to their positions in FLTR. Whittier Trust Co. bought a new position in VanEck IG Floating Rate ETF in the 1st quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its position in VanEck IG Floating Rate ETF by 103.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,015 shares of the company’s stock valued at $26,000 after acquiring an additional 516 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in VanEck IG Floating Rate ETF in the 4th quarter valued at approximately $30,000. Assetmark Inc. raised its stake in VanEck IG Floating Rate ETF by 126.6% during the 1st quarter. Assetmark Inc. now owns 1,659 shares of the company’s stock valued at $42,000 after acquiring an additional 927 shares in the last quarter. Finally, Family Management Corp bought a new stake in VanEck IG Floating Rate ETF during the 3rd quarter valued at $45,000.

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.