VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Reaches New 1-Year High – Here’s Why

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

VanEck IG Floating Rate ETF Stock Up 0.1%

The business has a fifty day simple moving average of $25.52 and a two-hundred day simple moving average of $25.51.

Institutional Investors Weigh In On VanEck IG Floating Rate ETF

A number of hedge funds have recently modified their holdings of the business. Virtue Capital Management LLC lifted its stake in shares of VanEck IG Floating Rate ETF by 13,805.5% in the fourth quarter. Virtue Capital Management LLC now owns 1,161,111 shares of the company’s stock worth $29,597,000 after buying an additional 1,152,761 shares in the last quarter. Lane Brothers & Co. Inc. acquired a new stake in VanEck IG Floating Rate ETF in the 4th quarter valued at about $15,002,000. Corient Private Wealth LLC acquired a new stake in VanEck IG Floating Rate ETF in the 4th quarter valued at about $11,647,000. Kensington Asset Management LLC lifted its stake in VanEck IG Floating Rate ETF by 20.6% in the 4th quarter. Kensington Asset Management LLC now owns 2,589,451 shares of the company’s stock worth $65,902,000 after purchasing an additional 442,359 shares in the last quarter. Finally, Elevatus Welath Management purchased a new position in VanEck IG Floating Rate ETF in the 3rd quarter worth approximately $11,199,000.

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.