Royal Fund Management LLC Grows Stock Position in VanEck IG Floating Rate ETF $FLTR

Royal Fund Management LLC increased its stake in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 170.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 34,118 shares of the company’s stock after purchasing an additional 21,505 shares during the period. Royal Fund Management LLC’s holdings in VanEck IG Floating Rate ETF were worth $869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FLTR. Ameritas Advisory Services LLC acquired a new position in VanEck IG Floating Rate ETF in the 3rd quarter valued at $38,000. Tsfg LLC purchased a new position in VanEck IG Floating Rate ETF during the 3rd quarter worth $39,000. Family Management Corp acquired a new stake in shares of VanEck IG Floating Rate ETF in the 3rd quarter worth $45,000. CWM LLC lifted its stake in shares of VanEck IG Floating Rate ETF by 554.3% in the 3rd quarter. CWM LLC now owns 1,819 shares of the company’s stock worth $47,000 after acquiring an additional 1,541 shares during the period. Finally, Caitlin John LLC purchased a new stake in shares of VanEck IG Floating Rate ETF in the third quarter valued at about $87,000.

VanEck IG Floating Rate ETF Trading Up 0.2%

Shares of VanEck IG Floating Rate ETF stock opened at $25.48 on Wednesday. VanEck IG Floating Rate ETF has a 52-week low of $24.59 and a 52-week high of $25.59. The company’s 50-day simple moving average is $25.52 and its 200-day simple moving average is $25.51.

VanEck IG Floating Rate ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.086 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, March 2nd.

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.