CHB Investment Group LLC Increases Position in VanEck Floating Rate ETF (NYSEARCA:FLTR)

CHB Investment Group LLC grew its holdings in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 42.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,799 shares of the company’s stock after buying an additional 3,793 shares during the period. CHB Investment Group LLC’s holdings in VanEck Floating Rate ETF were worth $326,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC grew its position in VanEck Floating Rate ETF by 61.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,542,400 shares of the company’s stock valued at $39,347,000 after acquiring an additional 588,300 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of VanEck Floating Rate ETF by 108.7% during the second quarter. Envestnet Asset Management Inc. now owns 949,370 shares of the company’s stock valued at $24,218,000 after purchasing an additional 494,368 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of VanEck Floating Rate ETF in the third quarter worth about $7,772,000. Arete Wealth Advisors LLC increased its stake in VanEck Floating Rate ETF by 25.9% in the 3rd quarter. Arete Wealth Advisors LLC now owns 812,947 shares of the company’s stock worth $20,699,000 after buying an additional 167,475 shares during the period. Finally, Jane Street Group LLC increased its stake in VanEck Floating Rate ETF by 579.0% in the 3rd quarter. Jane Street Group LLC now owns 177,566 shares of the company’s stock worth $4,523,000 after buying an additional 151,416 shares during the period.

VanEck Floating Rate ETF Stock Performance

Shares of FLTR stock opened at $25.49 on Tuesday. The company’s 50-day simple moving average is $25.47 and its two-hundred day simple moving average is $25.44. VanEck Floating Rate ETF has a one year low of $25.00 and a one year high of $25.54.

About VanEck 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.