VanEck Floating Rate ETF (NYSEARCA:FLTR) Reaches New 52-Week High – Here’s What Happened

VanEck Floating Rate ETF (NYSEARCA:FLTR)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $25.52 and last traded at $25.50, with a volume of 768828 shares trading hands. The stock had previously closed at $25.50.

VanEck Floating Rate ETF Stock Performance

The firm’s 50-day simple moving average is $25.42 and its 200 day simple moving average is $25.43.

Institutional Investors Weigh In On VanEck Floating Rate ETF

A number of hedge funds have recently made changes to their positions in the stock. Harbour Investments Inc. lifted its stake in VanEck Floating Rate ETF by 8.0% in the 2nd quarter. Harbour Investments Inc. now owns 6,633 shares of the company’s stock valued at $169,000 after purchasing an additional 494 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of VanEck Floating Rate ETF by 1.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 45,691 shares of the company’s stock valued at $1,156,000 after acquiring an additional 649 shares in the last quarter. Van ECK Associates Corp grew its position in VanEck Floating Rate ETF by 294.7% during the 2nd quarter. Van ECK Associates Corp now owns 1,042 shares of the company’s stock worth $27,000 after acquiring an additional 778 shares during the last quarter. Valley Wealth Managers Inc. grew its position in VanEck Floating Rate ETF by 2.5% during the 1st quarter. Valley Wealth Managers Inc. now owns 37,018 shares of the company’s stock worth $944,000 after acquiring an additional 908 shares during the last quarter. Finally, Stonebridge Financial Planning Group LLC increased its holdings in VanEck Floating Rate ETF by 9.6% in the 2nd quarter. Stonebridge Financial Planning Group LLC now owns 11,633 shares of the company’s stock worth $297,000 after purchasing an additional 1,020 shares in the last quarter.

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.