87,510 Shares in VanEck Floating Rate ETF (NYSEARCA:FLTR) Purchased by Milestone Asset Management LLC

Milestone Asset Management LLC acquired a new position in VanEck Floating Rate ETF (NYSEARCA:FLTR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 87,510 shares of the company’s stock, valued at approximately $2,227,000.

A number of other large investors have also modified their holdings of FLTR. Goldstone Financial Group LLC acquired a new stake in shares of VanEck Floating Rate ETF in the 3rd quarter worth about $202,000. CHB Investment Group LLC acquired a new position in VanEck Floating Rate ETF during the 3rd quarter valued at about $229,000. PFG Investments LLC acquired a new position in VanEck Floating Rate ETF during the 3rd quarter valued at about $248,000. First Heartland Consultants Inc. acquired a new position in VanEck Floating Rate ETF during the 3rd quarter valued at about $265,000. Finally, Greater Midwest Financial Group LLC acquired a new position in VanEck Floating Rate ETF during the 4th quarter valued at about $281,000.

VanEck Floating Rate ETF Price Performance

VanEck Floating Rate ETF stock opened at $25.55 on Thursday. The company’s 50-day moving average price is $25.48 and its two-hundred day moving average price is $25.44. VanEck Floating Rate ETF has a 52 week low of $25.00 and a 52 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.