Opal Wealth Advisors LLC Makes New $1.07 Million Investment in VanEck IG Floating Rate ETF $FLTR

Opal Wealth Advisors LLC purchased a new position in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 41,822 shares of the company’s stock, valued at approximately $1,070,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Insight Wealth Strategies LLC acquired a new position in VanEck IG Floating Rate ETF during the 3rd quarter worth $29,143,000. Lane Brothers & Co. Inc. bought a new stake in shares of VanEck IG Floating Rate ETF in the 4th quarter worth about $15,002,000. White Pine Investment CO acquired a new stake in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at about $15,055,000. Corient Private Wealth LLC acquired a new stake in shares of VanEck IG Floating Rate ETF in the 4th quarter valued at about $11,647,000. Finally, Kensington Asset Management LLC lifted its position in shares of VanEck IG Floating Rate ETF by 15.4% during the first quarter. Kensington Asset Management LLC now owns 2,989,379 shares of the company’s stock worth $76,169,000 after purchasing an additional 399,928 shares during the last quarter.

VanEck IG Floating Rate ETF Stock Performance

Shares of FLTR stock traded down $0.01 during trading hours on Friday, hitting $25.55. 2,371,954 shares of the company were exchanged, compared to its average volume of 1,084,727. VanEck IG Floating Rate ETF has a one year low of $25.35 and a one year high of $25.61. The business’s 50-day simple moving average is $25.56 and its two-hundred day simple moving average is $25.54.

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.