Sequoia Financial Advisors LLC Acquires New Stake in VanEck IG Floating Rate ETF $FLTR

Sequoia Financial Advisors LLC acquired a new stake in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) during the second quarter, HoldingsChannel reports. The institutional investor acquired 9,170 shares of the company’s stock, valued at approximately $234,000.

A number of other large investors have also made changes to their positions in the stock. Balanced Rock Investment Advisors LLC boosted its stake in shares of VanEck IG Floating Rate ETF by 2.6% during the first quarter. Balanced Rock Investment Advisors LLC now owns 17,873 shares of the company’s stock valued at $457,000 after acquiring an additional 458 shares during the last quarter. Tidemark LLC boosted its stake in shares of VanEck IG Floating Rate ETF by 0.5% during the first quarter. Tidemark LLC now owns 108,213 shares of the company’s stock valued at $2,765,000 after acquiring an additional 536 shares during the last quarter. Western Wealth Management LLC boosted its stake in shares of VanEck IG Floating Rate ETF by 1.6% during the first quarter. Western Wealth Management LLC now owns 40,945 shares of the company’s stock valued at $1,046,000 after acquiring an additional 630 shares during the last quarter. WealthPLAN Partners LLC boosted its stake in shares of VanEck IG Floating Rate ETF by 0.4% during the first quarter. WealthPLAN Partners LLC now owns 178,556 shares of the company’s stock valued at $4,562,000 after acquiring an additional 685 shares during the last quarter. Finally, Allworth Financial LP lifted its position in VanEck IG Floating Rate ETF by 308.9% during the first quarter. Allworth Financial LP now owns 1,055 shares of the company’s stock worth $27,000 after buying an additional 797 shares during the period.

VanEck IG Floating Rate ETF Trading Up 0.0%

NYSEARCA FLTR opened at $25.55 on Friday. The business’s 50-day moving average price is $25.52 and its 200 day moving average price is $25.45. VanEck IG Floating Rate ETF has a twelve month low of $24.59 and a twelve month high of $25.59.

VanEck IG Floating Rate ETF 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.