Sugar Maple Asset Management LLC Raises Holdings in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Sugar Maple Asset Management LLC lifted its holdings in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,899 shares of the company’s stock after purchasing an additional 1,283 shares during the period. Sugar Maple Asset Management LLC’s holdings in VanEck Floating Rate ETF were worth $506,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Raymond James & Associates increased its stake in VanEck Floating Rate ETF by 11.1% in the 3rd quarter. Raymond James & Associates now owns 263,795 shares of the company’s stock valued at $6,719,000 after purchasing an additional 26,364 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in VanEck Floating Rate ETF by 108.7% in the 2nd 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 in the last quarter. Montis Financial LLC grew its holdings in VanEck Floating Rate ETF by 61.1% during the 3rd quarter. Montis Financial LLC now owns 143,726 shares of the company’s stock valued at $3,661,000 after buying an additional 54,529 shares during the last quarter. Concourse Financial Group Securities Inc. raised its holdings in shares of VanEck Floating Rate ETF by 4.0% in the third quarter. Concourse Financial Group Securities Inc. now owns 173,838 shares of the company’s stock worth $4,428,000 after acquiring an additional 6,744 shares during the last quarter. Finally, AE Wealth Management LLC raised its holdings in shares of VanEck Floating Rate ETF by 100.9% in the second quarter. AE Wealth Management LLC now owns 44,264 shares of the company’s stock worth $1,129,000 after acquiring an additional 22,236 shares during the last quarter.

VanEck Floating Rate ETF Price Performance

NYSEARCA FLTR opened at $25.51 on Tuesday. VanEck Floating Rate ETF has a fifty-two week low of $25.00 and a fifty-two week high of $25.54. The business has a fifty day moving average of $25.48 and a 200-day moving average of $25.44.

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.