VanEck IG Floating Rate ETF $FLTR Stake Increased by Fusion Capital LLC

Fusion Capital LLC boosted its stake in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 25.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,363,002 shares of the company’s stock after purchasing an additional 280,560 shares during the quarter. VanEck IG Floating Rate ETF makes up 10.3% of Fusion Capital LLC’s investment portfolio, making the stock its largest position. Fusion Capital LLC’s holdings in VanEck IG Floating Rate ETF were worth $34,825,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Spire Wealth Management lifted its holdings in shares of VanEck IG Floating Rate ETF by 1,058.0% in the second quarter. Spire Wealth Management now owns 1,297 shares of the company’s stock worth $33,000 after buying an additional 1,185 shares in the last quarter. Tsfg LLC bought a new stake in VanEck IG Floating Rate ETF during the 3rd quarter worth approximately $39,000. Bogart Wealth LLC increased its holdings in VanEck IG Floating Rate ETF by 48.3% during the 2nd quarter. Bogart Wealth LLC now owns 1,749 shares of the company’s stock worth $45,000 after acquiring an additional 570 shares during the period. CWM LLC lifted its stake in 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 purchasing an additional 1,541 shares in the last quarter. Finally, Sheets Smith Wealth Management bought a new position in VanEck IG Floating Rate ETF in the 3rd quarter valued at $205,000.

VanEck IG Floating Rate ETF Stock Performance

FLTR opened at $25.52 on Thursday. VanEck IG Floating Rate ETF has a one year low of $24.59 and a one year high of $25.59. The company has a fifty day moving average price of $25.51 and a 200-day moving average price of $25.51.

VanEck IG Floating Rate ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be paid a $0.0947 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, February 2nd.

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.