VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sees Large Volume Increase – What’s Next?

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) saw an uptick in trading volume on Friday . 2,258,964 shares were traded during trading, an increase of 179% from the previous session’s volume of 810,647 shares.The stock last traded at $25.45 and had previously closed at $25.46.

VanEck IG Floating Rate ETF Stock Down 0.0%

The company has a 50 day moving average of $25.52 and a 200-day moving average of $25.51.

VanEck IG Floating Rate ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.086 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, March 2nd.

Hedge Funds Weigh In On VanEck IG Floating Rate ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC purchased a new stake in VanEck IG Floating Rate ETF in the fourth quarter worth $30,000. Ameritas Advisory Services LLC bought a new position in VanEck IG Floating Rate ETF in the 3rd quarter worth $38,000. Tsfg LLC purchased a new stake in shares of VanEck IG Floating Rate ETF in the 3rd quarter worth about $39,000. Family Management Corp purchased a new stake in shares of VanEck IG Floating Rate ETF in the 3rd quarter worth about $45,000. Finally, CWM LLC boosted its stake in shares of VanEck IG Floating Rate ETF by 554.3% during the 3rd quarter. CWM LLC now owns 1,819 shares of the company’s stock valued at $47,000 after purchasing an additional 1,541 shares in the last quarter.

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.