VanEck Floating Rate ETF (NYSEARCA:FLTR) Reaches New 1-Year High – What’s Next?

VanEck Floating Rate ETF (NYSEARCA:FLTR)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $25.58 and last traded at $25.57, with a volume of 828065 shares trading hands. The stock had previously closed at $25.57.

VanEck Floating Rate ETF Stock Performance

The company’s 50 day moving average is $25.50 and its 200-day moving average is $25.46.

Institutional Trading of VanEck Floating Rate ETF

Several large investors have recently made changes to their positions in FLTR. Heck Capital Advisors LLC bought a new position in shares of VanEck Floating Rate ETF in the 4th quarter worth $338,000. Liberty Square Wealth Partners LLC acquired a new position in VanEck Floating Rate ETF during the fourth quarter worth $1,243,000. Vista Investment Management lifted its stake in shares of VanEck Floating Rate ETF by 7.4% in the fourth quarter. Vista Investment Management now owns 221,558 shares of the company’s stock valued at $5,639,000 after buying an additional 15,294 shares in the last quarter. Redwood Financial Network Corp grew its holdings in shares of VanEck Floating Rate ETF by 80.0% during the fourth quarter. Redwood Financial Network Corp now owns 126,020 shares of the company’s stock valued at $3,207,000 after buying an additional 56,000 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in shares of VanEck Floating Rate ETF during the fourth quarter worth about $2,596,000.

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.