VanEck Floating Rate ETF (NYSEARCA:FLTR) Sees Large Volume Increase

VanEck Floating Rate ETF (NYSEARCA:FLTR) shares saw strong trading volume on Tuesday . 774,336 shares traded hands during trading, an increase of 72% from the previous session’s volume of 449,168 shares.The stock last traded at $25.43 and had previously closed at $25.45.

VanEck Floating Rate ETF Trading Down 0.0 %

The stock’s fifty day simple moving average is $25.41 and its two-hundred day simple moving average is $25.27.

Hedge Funds Weigh In On VanEck Floating Rate ETF

Several institutional investors have recently modified their holdings of FLTR. Jane Street Group LLC bought a new position in shares of VanEck Floating Rate ETF during the fourth quarter worth about $51,973,000. Insight Wealth Strategies LLC bought a new position in VanEck Floating Rate ETF in the 3rd quarter valued at about $19,681,000. WealthPlan Investment Management LLC grew its position in VanEck Floating Rate ETF by 716,523.0% in the 3rd quarter. WealthPlan Investment Management LLC now owns 530,301 shares of the company’s stock valued at $13,411,000 after buying an additional 530,227 shares in the last quarter. Edmonds Duncan Registered Investment Advisors LLC grew its position in VanEck Floating Rate ETF by 38.6% in the 3rd quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 1,828,059 shares of the company’s stock valued at $46,232,000 after buying an additional 508,819 shares in the last quarter. Finally, Wright Fund Management LLC bought a new position in VanEck Floating Rate ETF in the 3rd quarter valued at about $9,924,000.

VanEck 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.