Compass Financial Management LLC acquired a new stake in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 319,364 shares of the company’s stock, valued at approximately $8,171,000. VanEck IG Floating Rate ETF accounts for about 1.0% of Compass Financial Management LLC’s holdings, making the stock its 20th largest position.
Several other hedge funds have also recently made changes to their positions in the stock. Whittier Trust Co. bought a new stake in VanEck IG Floating Rate ETF in the 1st quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of VanEck IG Floating Rate ETF by 103.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,015 shares of the company’s stock valued at $26,000 after buying an additional 516 shares during the period. CIBC Private Wealth Group LLC bought a new position in shares of VanEck IG Floating Rate ETF during the 4th quarter valued at $30,000. Assetmark Inc. boosted its stake in shares of VanEck IG Floating Rate ETF by 126.6% in the 1st quarter. Assetmark Inc. now owns 1,659 shares of the company’s stock worth $42,000 after buying an additional 927 shares during the last quarter. Finally, Family Management Corp purchased a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter worth $45,000.
VanEck IG Floating Rate ETF Stock Up 0.1%
Shares of FLTR opened at $25.60 on Friday. VanEck IG Floating Rate ETF has a one year low of $25.34 and a one year high of $25.61. The business has a fifty day moving average of $25.56 and a 200 day moving average of $25.52.
VanEck IG 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.
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Want to see what other hedge funds are holding FLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck IG Floating Rate ETF (NYSEARCA:FLTR – Free Report).
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