Smith Thornton Advisors LLC Acquires New Stake in VanEck IG Floating Rate ETF $FLTR

Smith Thornton Advisors LLC purchased a new stake in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) in the third quarter, HoldingsChannel reports. The fund purchased 135,398 shares of the company’s stock, valued at approximately $3,465,000. VanEck IG Floating Rate ETF accounts for 1.5% of Smith Thornton Advisors LLC’s portfolio, making the stock its 23rd largest holding.

Other large investors have also made changes to their positions in the company. Kensington Asset Management LLC lifted its stake in shares of VanEck IG Floating Rate ETF by 15.4% in the first quarter. Kensington Asset Management LLC now owns 2,989,379 shares of the company’s stock valued at $76,169,000 after buying an additional 399,928 shares during the period. Bank of America Corp DE increased its stake in VanEck IG Floating Rate ETF by 7.9% during the first quarter. Bank of America Corp DE now owns 1,694,850 shares of the company’s stock valued at $43,185,000 after acquiring an additional 123,390 shares during the period. Insight Wealth Strategies LLC acquired a new position in VanEck IG Floating Rate ETF in the 3rd quarter valued at approximately $29,143,000. Lane Brothers & Co. Inc. raised its holdings in VanEck IG Floating Rate ETF by 5.6% in the 1st quarter. Lane Brothers & Co. Inc. now owns 621,858 shares of the company’s stock valued at $15,845,000 after acquiring an additional 33,070 shares in the last quarter. Finally, White Pine Investment CO acquired a new position in VanEck IG Floating Rate ETF in the 3rd quarter valued at approximately $15,055,000.

VanEck IG Floating Rate ETF Trading Down 0.0%

Shares of FLTR stock opened at $25.55 on Friday. The stock has a 50 day moving average of $25.56 and a two-hundred day moving average of $25.54. VanEck IG Floating Rate ETF has a 12 month low of $25.35 and a 12 month 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.