VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sees Strong Trading Volume – What’s Next?

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) shares saw strong trading volume on Friday . Approximately 2,180,160 shares changed hands during mid-day trading, an increase of 131% from the previous session’s volume of 944,027 shares.The stock last traded at $25.60 and had previously closed at $25.59.

VanEck IG Floating Rate ETF Stock Up 0.0%

The stock’s fifty day moving average is $25.56 and its 200-day moving average is $25.53.

Institutional Trading of VanEck IG Floating Rate ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tucker Asset Management LLC boosted its stake in shares of VanEck IG Floating Rate ETF by 113.1% during the 2nd quarter. Tucker Asset Management LLC now owns 26,904 shares of the company’s stock worth $689,000 after acquiring an additional 14,281 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of VanEck IG Floating Rate ETF during the 2nd quarter valued at about $414,000. Anson Capital Inc. raised its stake in shares of VanEck IG Floating Rate ETF by 4.1% in the 2nd quarter. Anson Capital Inc. now owns 383,146 shares of the company’s stock valued at $9,812,000 after acquiring an additional 15,190 shares in the last quarter. Compass Financial Management LLC bought a new position in shares of VanEck IG Floating Rate ETF in the 2nd quarter valued at approximately $8,171,000. Finally, Insight Wealth Strategies LLC bought a new position in shares of VanEck IG Floating Rate ETF in the 2nd quarter valued at approximately $28,229,000.

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.