VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sets New 12-Month High – What’s Next?

VanEck IG Floating Rate ETF (NYSEARCA:FLTRGet Free Report)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $25.61 and last traded at $25.60, with a volume of 1700652 shares. The stock had previously closed at $25.59.

VanEck IG Floating Rate ETF Trading Up 0.0%

The business has a fifty day simple moving average of $25.56 and a 200 day simple moving average of $25.52.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. purchased a new stake in shares of VanEck IG Floating Rate ETF during the first quarter worth $25,000. EverSource Wealth Advisors LLC lifted its stake in shares of VanEck IG Floating Rate ETF by 103.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,015 shares of the company’s stock worth $26,000 after buying an additional 516 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in VanEck IG Floating Rate ETF during the fourth quarter worth about $30,000. Assetmark Inc. boosted its position in VanEck IG Floating Rate ETF by 126.6% during the first quarter. Assetmark Inc. now owns 1,659 shares of the company’s stock worth $42,000 after acquiring an additional 927 shares during the last quarter. Finally, Family Management Corp purchased a new stake in VanEck IG Floating Rate ETF during the 3rd quarter valued at about $45,000.

About VanEck IG Floating Rate ETF

(Get Free Report)

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.

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