Fusion Capital LLC Has $12.16 Million Stock Holdings in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Fusion Capital LLC increased its stake in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 537.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 477,625 shares of the company’s stock after acquiring an additional 402,670 shares during the quarter. VanEck Floating Rate ETF makes up about 4.9% of Fusion Capital LLC’s portfolio, making the stock its 4th largest position. Fusion Capital LLC owned approximately 0.79% of VanEck Floating Rate ETF worth $12,156,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FLTR. Savvy Advisors Inc. boosted its stake in VanEck Floating Rate ETF by 3.4% during the 3rd quarter. Savvy Advisors Inc. now owns 16,729 shares of the company’s stock valued at $426,000 after purchasing an additional 544 shares during the last quarter. IHT Wealth Management LLC lifted its stake in VanEck Floating Rate ETF by 2.4% during the 3rd quarter. IHT Wealth Management LLC now owns 25,629 shares of the company’s stock valued at $653,000 after acquiring an additional 589 shares in the last quarter. PFG Investments LLC boosted its holdings in VanEck Floating Rate ETF by 7.8% during the 4th quarter. PFG Investments LLC now owns 10,508 shares of the company’s stock worth $267,000 after acquiring an additional 759 shares during the last quarter. Kovack Advisors Inc. grew its stake in shares of VanEck Floating Rate ETF by 0.6% in the 4th quarter. Kovack Advisors Inc. now owns 132,517 shares of the company’s stock worth $3,373,000 after acquiring an additional 780 shares in the last quarter. Finally, Boyce & Associates Wealth Consulting Inc. raised its holdings in shares of VanEck Floating Rate ETF by 7.9% in the fourth quarter. Boyce & Associates Wealth Consulting Inc. now owns 11,177 shares of the company’s stock valued at $284,000 after purchasing an additional 818 shares during the last quarter.

VanEck Floating Rate ETF Stock Performance

VanEck Floating Rate ETF stock opened at $25.56 on Friday. VanEck Floating Rate ETF has a fifty-two week low of $25.00 and a fifty-two week high of $25.58. The firm’s 50-day simple moving average is $25.50 and its 200 day simple moving average is $25.46.

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.