Deseret Mutual Benefit Administrators increased its position in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR – Free Report) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 704,119 shares of the company’s stock after acquiring an additional 31,782 shares during the period. VanEck Floating Rate ETF comprises 8.8% of Deseret Mutual Benefit Administrators’ holdings, making the stock its 2nd largest holding. Deseret Mutual Benefit Administrators’ holdings in VanEck Floating Rate ETF were worth $17,920,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. raised its stake in VanEck Floating Rate ETF by 29.4% during the fourth quarter. Principal Securities Inc. now owns 5,082 shares of the company’s stock worth $129,000 after acquiring an additional 1,155 shares in the last quarter. Goldstone Financial Group LLC acquired a new stake in shares of VanEck Floating Rate ETF in the 3rd quarter valued at approximately $202,000. PFG Investments LLC bought a new stake in shares of VanEck Floating Rate ETF during the 3rd quarter valued at approximately $248,000. Sanctuary Advisors LLC acquired a new position in VanEck Floating Rate ETF during the 4th quarter worth approximately $248,000. Finally, First Heartland Consultants Inc. bought a new position in VanEck Floating Rate ETF in the 3rd quarter valued at approximately $265,000.
VanEck Floating Rate ETF Stock Performance
Shares of VanEck Floating Rate ETF stock opened at $25.56 on Friday. The company’s 50 day moving average price is $25.50 and its two-hundred day moving average price is $25.45. VanEck Floating Rate ETF has a fifty-two week low of $25.00 and a fifty-two week high of $25.56.
VanEck 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.
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