Concord Wealth Partners Cuts Stock Holdings in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Concord Wealth Partners reduced its position in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 88.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 96,166 shares of the company’s stock after selling 711,680 shares during the period. Concord Wealth Partners’ holdings in VanEck Floating Rate ETF were worth $2,447,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Goldstone Financial Group LLC purchased a new position in shares of VanEck Floating Rate ETF in the third quarter worth $202,000. CHB Investment Group LLC bought a new stake in VanEck Floating Rate ETF in the 3rd quarter worth about $229,000. PFG Investments LLC purchased a new position in VanEck Floating Rate ETF in the 3rd quarter worth about $248,000. First Heartland Consultants Inc. bought a new position in VanEck Floating Rate ETF during the 3rd quarter valued at about $265,000. Finally, Greater Midwest Financial Group LLC purchased a new stake in shares of VanEck Floating Rate ETF during the 4th quarter valued at about $281,000.

VanEck Floating Rate ETF Price Performance

FLTR opened at $25.54 on Friday. The firm has a 50 day moving average price of $25.49 and a 200-day moving average price of $25.44. VanEck Floating Rate ETF has a twelve month low of $25.00 and a twelve month high of $25.56.

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.