Redwood Financial Network Corp Makes New Investment in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Redwood Financial Network Corp purchased a new position in VanEck Floating Rate ETF (NYSEARCA:FLTR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 34,221 shares of the company’s stock, valued at approximately $873,000. Redwood Financial Network Corp owned about 0.06% of VanEck Floating Rate ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Van ECK Associates Corp lifted its holdings in VanEck Floating Rate ETF by 294.7% in the 2nd quarter. Van ECK Associates Corp now owns 1,042 shares of the company’s stock valued at $27,000 after purchasing an additional 778 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of VanEck Floating Rate ETF during the fourth quarter valued at approximately $43,000. Principal Securities Inc. acquired a new stake in VanEck Floating Rate ETF during the fourth quarter worth approximately $64,000. NBC Securities Inc. grew its stake in VanEck Floating Rate ETF by 35.0% in the 4th quarter. NBC Securities Inc. now owns 3,565 shares of the company’s stock worth $89,000 after acquiring an additional 925 shares during the period. Finally, CENTRAL TRUST Co purchased a new stake in VanEck Floating Rate ETF in the 1st quarter worth approximately $103,000.

VanEck Floating Rate ETF Price Performance

Shares of VanEck Floating Rate ETF stock opened at $25.36 on Tuesday. VanEck Floating Rate ETF has a fifty-two week low of $25.00 and a fifty-two week high of $25.52. The business’s fifty day moving average is $25.40 and its two-hundred day moving average is $25.43.

VanEck 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.