717,093 Shares of VanEck IG Floating Rate ETF $FLTR Bought by Demars Financial Group LLC

Demars Financial Group LLC bought a new stake in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) during the third quarter, HoldingsChannel reports. The firm bought 717,093 shares of the company’s stock, valued at approximately $18,350,000. VanEck IG Floating Rate ETF comprises about 4.8% of Demars Financial Group LLC’s holdings, making the stock its 5th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of FLTR. Kensington Asset Management LLC raised its holdings in 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 acquiring an additional 399,928 shares in the last quarter. Bank of America Corp DE boosted its position in VanEck IG Floating Rate ETF by 7.9% during the first quarter. Bank of America Corp DE now owns 1,694,850 shares of the company’s stock valued at $43,185,000 after purchasing an additional 123,390 shares during the last quarter. Insight Wealth Strategies LLC acquired a new position in VanEck IG Floating Rate ETF during the third quarter valued at approximately $29,143,000. Lane Brothers & Co. Inc. boosted its position in VanEck IG Floating Rate ETF by 5.6% during the first quarter. Lane Brothers & Co. Inc. now owns 621,858 shares of the company’s stock valued at $15,845,000 after purchasing an additional 33,070 shares during the last quarter. Finally, White Pine Investment CO acquired a new position in VanEck IG Floating Rate ETF during the third quarter valued at approximately $15,055,000.

VanEck IG Floating Rate ETF Stock Performance

FLTR stock opened at $25.57 on Friday. The business has a 50 day moving average price of $25.56 and a two-hundred day moving average price of $25.54. VanEck IG Floating Rate ETF has a twelve month low of $25.35 and a twelve month high of $25.61.

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.