VanEck Floating Rate ETF (NYSEARCA:FLTR) Sees Unusually-High Trading Volume

VanEck Floating Rate ETF (NYSEARCA:FLTR) saw unusually-strong trading volume on Monday . Approximately 1,009,854 shares changed hands during trading, an increase of 110% from the previous session’s volume of 481,883 shares.The stock last traded at $25.45 and had previously closed at $25.43.

VanEck Floating Rate ETF Stock Performance

The company has a 50 day simple moving average of $25.42 and a two-hundred day simple moving average of $25.28.

Institutional Trading of VanEck Floating Rate ETF

A number of hedge funds have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. raised its holdings in shares of VanEck Floating Rate ETF by 0.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 45,691 shares of the company’s stock valued at $1,156,000 after acquiring an additional 423 shares during the last quarter. IFG Advisory LLC raised its holdings in shares of VanEck Floating Rate ETF by 1.7% during the fourth quarter. IFG Advisory LLC now owns 39,677 shares of the company’s stock valued at $998,000 after acquiring an additional 663 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of VanEck Floating Rate ETF by 11.6% during the fourth quarter. Private Trust Co. NA now owns 6,510 shares of the company’s stock valued at $164,000 after acquiring an additional 677 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of VanEck Floating Rate ETF by 8.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 9,128 shares of the company’s stock valued at $230,000 after acquiring an additional 694 shares during the last quarter. Finally, Valtinson Bruner Financial Planning LLC increased its holdings in shares of VanEck Floating Rate ETF by 2.0% in the fourth quarter. Valtinson Bruner Financial Planning LLC now owns 40,389 shares of the company’s stock valued at $1,016,000 after purchasing an additional 806 shares during the last quarter.

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.