Parsons Capital Management Inc. RI Increases Position in VanEck IG Floating Rate ETF $FLTR

Parsons Capital Management Inc. RI grew its position in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 12.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 469,311 shares of the company’s stock after purchasing an additional 51,736 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in VanEck IG Floating Rate ETF were worth $11,958,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Optivise Advisory Services LLC lifted its position in shares of VanEck IG Floating Rate ETF by 2.9% during the 4th quarter. Optivise Advisory Services LLC now owns 49,153 shares of the company’s stock worth $1,252,000 after buying an additional 1,389 shares during the last quarter. First Heartland Consultants Inc. grew its position in shares of VanEck IG Floating Rate ETF by 3.6% in the 4th quarter. First Heartland Consultants Inc. now owns 98,439 shares of the company’s stock valued at $2,508,000 after buying an additional 3,446 shares during the last quarter. Capital Asset Advisory Services LLC purchased a new position in shares of VanEck IG Floating Rate ETF in the 4th quarter valued at $215,000. Silvia Mccoll Wealth Management LLC raised its stake in VanEck IG Floating Rate ETF by 2.3% during the 4th quarter. Silvia Mccoll Wealth Management LLC now owns 31,686 shares of the company’s stock worth $807,000 after acquiring an additional 718 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its stake in VanEck IG Floating Rate ETF by 2.3% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 63,643 shares of the company’s stock worth $1,622,000 after acquiring an additional 1,450 shares in the last quarter.

VanEck IG Floating Rate ETF Price Performance

Shares of FLTR opened at $25.46 on Friday. VanEck IG Floating Rate ETF has a 1-year low of $24.59 and a 1-year high of $25.59. The firm has a fifty day moving average price of $25.52 and a 200 day moving average price of $25.51.

VanEck IG Floating Rate ETF Cuts Dividend

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

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.