Fusion Capital LLC raised its stake in VanEck Floating Rate ETF (NYSEARCA:FLTR – Free Report) by 537.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 477,625 shares of the company’s stock after acquiring an additional 402,670 shares during the period. VanEck Floating Rate ETF comprises 4.9% of Fusion Capital LLC’s holdings, making the stock its 4th largest position. Fusion Capital LLC’s holdings in VanEck Floating Rate ETF were worth $12,156,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of VanEck Floating Rate ETF by 56.2% during the fourth quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock valued at $70,000 after buying an additional 983 shares during the period. Principal Securities Inc. increased its position in VanEck Floating Rate ETF by 29.4% during the 4th quarter. Principal Securities Inc. now owns 5,082 shares of the company’s stock valued at $129,000 after purchasing an additional 1,155 shares during the period. Goldstone Financial Group LLC bought a new position in VanEck Floating Rate ETF in the 3rd quarter worth $202,000. Sanctuary Advisors LLC purchased a new stake in shares of VanEck Floating Rate ETF in the 4th quarter worth about $248,000. Finally, PFG Investments LLC purchased a new stake in shares of VanEck Floating Rate ETF in the 3rd quarter worth about $248,000.
VanEck Floating Rate ETF Trading Down 0.1 %
Shares of NYSEARCA FLTR opened at $25.56 on Friday. VanEck Floating Rate ETF has a 1 year low of $25.00 and a 1 year high of $25.58. The company’s 50-day moving average is $25.50 and its 200 day moving average is $25.46.
VanEck Floating Rate ETF 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.
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Want to see what other hedge funds are holding FLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Floating Rate ETF (NYSEARCA:FLTR – Free Report).
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