Kensington Asset Management LLC Buys 399,928 Shares of VanEck IG Floating Rate ETF $FLTR

Kensington Asset Management LLC raised its stake in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 15.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,989,379 shares of the company’s stock after purchasing an additional 399,928 shares during the period. VanEck IG Floating Rate ETF accounts for approximately 3.6% of Kensington Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. Kensington Asset Management LLC’s holdings in VanEck IG Floating Rate ETF were worth $76,169,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Virtue Capital Management LLC lifted its position in shares of VanEck IG Floating Rate ETF by 13,805.5% during the fourth quarter. Virtue Capital Management LLC now owns 1,161,111 shares of the company’s stock valued at $29,597,000 after buying an additional 1,152,761 shares during the last quarter. Lane Brothers & Co. Inc. bought a new position in shares of VanEck IG Floating Rate ETF during the 4th quarter worth approximately $15,002,000. Corient Private Wealth LLC bought a new position in shares of VanEck IG Floating Rate ETF during the 4th quarter worth approximately $11,647,000. OLD Mission Capital LLC bought a new position in shares of VanEck IG Floating Rate ETF during the 4th quarter worth approximately $8,993,000. Finally, Bank of America Corp DE lifted its position in VanEck IG Floating Rate ETF by 27.4% during the third quarter. Bank of America Corp DE now owns 1,481,675 shares of the company’s stock valued at $37,886,000 after acquiring an additional 318,361 shares during the last quarter.

VanEck IG Floating Rate ETF Stock Performance

Shares of FLTR opened at $25.61 on Friday. VanEck IG Floating Rate ETF has a twelve month low of $25.34 and a twelve month high of $25.61. The company has a 50 day moving average of $25.56 and a two-hundred day moving average of $25.52.

VanEck IG 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.