Kensington Asset Management LLC lifted its stake in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR – Free Report) by 20.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,589,451 shares of the company’s stock after buying an additional 442,359 shares during the quarter. VanEck IG Floating Rate ETF comprises about 3.4% of Kensington Asset Management LLC’s portfolio, making the stock its 10th largest holding. Kensington Asset Management LLC owned approximately 2.59% of VanEck IG Floating Rate ETF worth $65,902,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. CIBC Private Wealth Group LLC acquired a new stake in shares of VanEck IG Floating Rate ETF during the 4th quarter worth about $30,000. Ameritas Advisory Services LLC acquired a new stake in shares of VanEck IG Floating Rate ETF during the 3rd quarter worth about $38,000. Family Management Corp acquired a new stake in shares of VanEck IG Floating Rate ETF during the 3rd quarter worth about $45,000. Elevated Capital Advisors LLC acquired a new stake in shares of VanEck IG Floating Rate ETF during the 4th quarter worth about $54,000. Finally, Private Trust Co. NA lifted its stake in shares of VanEck IG Floating Rate ETF by 84.6% during the 4th quarter. Private Trust Co. NA now owns 2,167 shares of the company’s stock worth $55,000 after buying an additional 993 shares during the last quarter.
VanEck IG Floating Rate ETF Stock Performance
NYSEARCA FLTR opened at $25.53 on Friday. The firm has a 50-day moving average of $25.50 and a 200-day moving average of $25.50. VanEck IG Floating Rate ETF has a 52-week low of $25.34 and a 52-week high of $25.59.
VanEck IG 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.
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