Verdence Capital Advisors LLC Makes New Investment in VanEck IG Floating Rate ETF $FLTR

Verdence Capital Advisors LLC acquired a new stake in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 281,356 shares of the company’s stock, valued at approximately $7,200,000. Verdence Capital Advisors LLC owned about 0.20% of VanEck IG Floating Rate ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLTR. Bright Futures Wealth Management LLC. acquired a new stake in shares of VanEck IG Floating Rate ETF during the third quarter valued at about $780,000. ORBA Wealth Advisors L.L.C. purchased a new stake in shares of VanEck IG Floating Rate ETF during the third quarter worth about $2,426,000. Vima LLC acquired a new position in shares of VanEck IG Floating Rate ETF in the third quarter worth about $1,295,000. Andrew Hill Investment Advisors Inc. acquired a new position in shares of VanEck IG Floating Rate ETF in the third quarter worth about $265,000. Finally, Demars Financial Group LLC acquired a new position in shares of VanEck IG Floating Rate ETF in the third quarter worth about $18,350,000.

VanEck IG Floating Rate ETF Price Performance

Shares of FLTR opened at $25.57 on Tuesday. VanEck IG Floating Rate ETF has a one year low of $25.35 and a one year high of $25.61. The stock has a 50-day moving average price of $25.56 and a 200 day moving average price of $25.53.

About VanEck IG 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.