VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sees Unusually-High Trading Volume – Still a Buy?

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) shares saw unusually-high trading volume on Wednesday . Approximately 2,195,650 shares changed hands during mid-day trading, an increase of 170% from the previous session’s volume of 811,801 shares.The stock last traded at $25.57 and had previously closed at $25.57.

VanEck IG Floating Rate ETF Price Performance

The company has a 50 day moving average of $25.48 and a 200 day moving average of $25.50.

Institutional Trading of VanEck IG Floating Rate ETF

Institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. acquired a new stake in VanEck IG Floating Rate ETF in the 1st quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its stake in VanEck IG Floating Rate ETF by 103.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,015 shares of the company’s stock valued at $26,000 after buying an additional 516 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in VanEck IG Floating Rate ETF in the 4th quarter valued at $30,000. Ameritas Advisory Services LLC acquired a new stake in VanEck IG Floating Rate ETF in the 3rd quarter valued at $38,000. Finally, Tsfg LLC bought a new position in VanEck IG Floating Rate ETF in the 3rd quarter valued at $39,000.

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.