VanEck IG Floating Rate ETF $FLTR is Lane Brothers & Co. Inc.’s 2nd Largest Position

Lane Brothers & Co. Inc. grew its stake in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 5.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 621,858 shares of the company’s stock after acquiring an additional 33,070 shares during the quarter. VanEck IG Floating Rate ETF comprises about 11.5% of Lane Brothers & Co. Inc.’s holdings, making the stock its 2nd largest position. Lane Brothers & Co. Inc.’s holdings in VanEck IG Floating Rate ETF were worth $15,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in shares of VanEck IG Floating Rate ETF by 0.8% in the fourth quarter. Wells Fargo & Company MN now owns 4,539,629 shares of the company’s stock worth $115,670,000 after acquiring an additional 37,828 shares during the last quarter. Kensington Asset Management LLC increased its position in VanEck IG Floating Rate ETF by 20.6% during the fourth quarter. Kensington Asset Management LLC now owns 2,589,451 shares of the company’s stock worth $65,902,000 after purchasing an additional 442,359 shares during the last quarter. Raymond James Financial Inc. increased its position in VanEck IG Floating Rate ETF by 11.8% during the third quarter. Raymond James Financial Inc. now owns 1,880,084 shares of the company’s stock worth $48,074,000 after purchasing an additional 199,135 shares during the last quarter. Bank of America Corp DE raised its stake in VanEck IG Floating Rate ETF by 27.4% during the third quarter. Bank of America Corp DE now owns 1,481,675 shares of the company’s stock worth $37,886,000 after purchasing an additional 318,361 shares during the period. Finally, Fusion Capital LLC raised its stake in VanEck IG Floating Rate ETF by 3.6% during the fourth quarter. Fusion Capital LLC now owns 1,412,133 shares of the company’s stock worth $35,981,000 after purchasing an additional 49,131 shares during the period.

VanEck IG Floating Rate ETF Trading Up 0.0%

Shares of FLTR opened at $25.56 on Thursday. The company’s fifty day moving average is $25.54 and its two-hundred day moving average is $25.51. VanEck IG Floating Rate ETF has a fifty-two week low of $25.34 and a fifty-two week high of $25.61.

About VanEck IG Floating Rate ETF

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.