VanEck Floating Rate ETF (NYSEARCA:FLTR) Reaches New 12-Month High – Still a Buy?

VanEck Floating Rate ETF (NYSEARCA:FLTR) reached a new 52-week high during trading on Tuesday . The company traded as high as $25.54 and last traded at $25.54, with a volume of 396561 shares trading hands. The stock had previously closed at $25.52.

VanEck Floating Rate ETF Trading Up 0.1 %

The company has a fifty day moving average of $25.48 and a two-hundred day moving average of $25.44.

Institutional Inflows and Outflows

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

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.