VanEck Floating Rate ETF (NYSEARCA:FLTR) Hits New 1-Year High – Time to Buy?

VanEck Floating Rate ETF (NYSEARCA:FLTR)’s share price hit a new 52-week high on Thursday . The stock traded as high as $25.56 and last traded at $25.55, with a volume of 57462 shares trading hands. The stock had previously closed at $25.55.

VanEck Floating Rate ETF Stock Up 0.0 %

The company has a 50 day moving average of $25.50 and a two-hundred day moving average of $25.45.

Institutional Investors Weigh In On VanEck Floating Rate ETF

Several large investors have recently bought and sold shares of FLTR. IFP Advisors Inc grew its position in shares of VanEck Floating Rate ETF by 56.2% in the fourth quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock valued at $70,000 after purchasing an additional 983 shares in the last quarter. Principal Securities Inc. grew its position in shares of VanEck Floating Rate ETF by 29.4% in the fourth quarter. Principal Securities Inc. now owns 5,082 shares of the company’s stock valued at $129,000 after purchasing an additional 1,155 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of VanEck Floating Rate ETF in the fourth quarter valued at approximately $201,000. Goldstone Financial Group LLC purchased a new stake in shares of VanEck Floating Rate ETF in the third quarter valued at approximately $202,000. Finally, Scotia Capital Inc. acquired a new position in VanEck Floating Rate ETF in the fourth quarter valued at approximately $213,000.

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.