VanEck IG Floating Rate ETF $FLTR Stock Position Lowered by AE Wealth Management LLC

AE Wealth Management LLC decreased its position in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 45.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 26,316 shares of the company’s stock after selling 22,216 shares during the period. AE Wealth Management LLC’s holdings in VanEck IG Floating Rate ETF were worth $673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC boosted its position in shares of VanEck IG Floating Rate ETF by 182.0% in the second quarter. Wealthfront Advisers LLC now owns 5,159,089 shares of the company’s stock worth $131,557,000 after buying an additional 3,329,539 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its position in shares of VanEck IG Floating Rate ETF by 2.9% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 4,272,209 shares of the company’s stock worth $108,941,000 after purchasing an additional 120,351 shares in the last quarter. Raymond James Financial Inc. lifted its position in VanEck IG Floating Rate ETF by 5.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,680,949 shares of the company’s stock worth $42,864,000 after buying an additional 81,597 shares in the last quarter. Fusion Capital LLC raised its holdings in shares of VanEck IG Floating Rate ETF by 3.5% during the second quarter. Fusion Capital LLC now owns 1,082,442 shares of the company’s stock worth $27,602,000 after acquiring an additional 36,537 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of VanEck IG Floating Rate ETF by 5.5% during the 2nd quarter. Osaic Holdings Inc. now owns 789,080 shares of the company’s stock worth $20,122,000 after purchasing an additional 40,821 shares in the last quarter.

VanEck IG Floating Rate ETF Stock Up 0.0%

Shares of FLTR opened at $25.52 on Thursday. The firm’s 50 day moving average price is $25.51 and its 200 day moving average price is $25.51. VanEck IG Floating Rate ETF has a twelve month low of $24.59 and a twelve month high of $25.59.

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 given a dividend of $0.0947 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend 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.