Focus Partners Advisor Solutions LLC Cuts Position in VanEck IG Floating Rate ETF $FLTR

Focus Partners Advisor Solutions LLC decreased its position in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 13.3% during the second quarter, Holdings Channel reports. The firm owned 22,305 shares of the company’s stock after selling 3,410 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in VanEck IG Floating Rate ETF were worth $569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLTR. Janney Montgomery Scott LLC raised its position in VanEck IG Floating Rate ETF by 12.6% in the first quarter. Janney Montgomery Scott LLC now owns 23,933 shares of the company’s stock valued at $612,000 after purchasing an additional 2,676 shares during the period. WASHINGTON TRUST Co acquired a new position in shares of VanEck IG Floating Rate ETF in the first quarter worth $50,000. Koshinski Asset Management Inc. acquired a new position in shares of VanEck IG Floating Rate ETF in the first quarter worth $515,000. Redmont Wealth Advisors LLC acquired a new position in shares of VanEck IG Floating Rate ETF in the first quarter worth $576,000. Finally, Strategic Financial Concepts LLC grew its stake in shares of VanEck IG Floating Rate ETF by 4.7% in the first quarter. Strategic Financial Concepts LLC now owns 480,258 shares of the company’s stock worth $12,271,000 after acquiring an additional 21,744 shares in the last quarter.

VanEck IG Floating Rate ETF Stock Performance

NYSEARCA:FLTR opened at $25.56 on Thursday. The company has a fifty day simple moving average of $25.52 and a two-hundred day simple moving average of $25.46. VanEck IG Floating Rate ETF has a 52 week low of $24.59 and a 52 week 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.