Heritage Wealth Management LLC Invests $616,000 in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Heritage Wealth Management LLC acquired a new stake in VanEck Floating Rate ETF (NYSEARCA:FLTR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 24,484 shares of the company’s stock, valued at approximately $616,000. Heritage Wealth Management LLC owned about 0.06% of VanEck Floating Rate ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of FLTR. Pinnacle Wealth Planning Services Inc. lifted its stake in shares of VanEck Floating Rate ETF by 5.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 3,811,707 shares of the company’s stock worth $96,398,000 after buying an additional 193,311 shares during the last quarter. Capital Advantage Inc. lifted its position in VanEck Floating Rate ETF by 0.8% during the 4th quarter. Capital Advantage Inc. now owns 1,015,085 shares of the company’s stock worth $25,529,000 after acquiring an additional 8,444 shares during the last quarter. LPL Financial LLC boosted its holdings in VanEck Floating Rate ETF by 20.8% during the third quarter. LPL Financial LLC now owns 973,822 shares of the company’s stock valued at $24,628,000 after acquiring an additional 167,606 shares during the period. KFA Private Wealth Group LLC increased its stake in shares of VanEck Floating Rate ETF by 4.5% in the fourth quarter. KFA Private Wealth Group LLC now owns 916,634 shares of the company’s stock worth $23,053,000 after purchasing an additional 39,069 shares during the period. Finally, Insight Wealth Strategies LLC increased its stake in shares of VanEck Floating Rate ETF by 13.0% in the fourth quarter. Insight Wealth Strategies LLC now owns 879,389 shares of the company’s stock worth $22,117,000 after purchasing an additional 101,174 shares during the period.

VanEck Floating Rate ETF Price Performance

NYSEARCA:FLTR traded up $0.02 during mid-day trading on Thursday, hitting $25.38. 538,347 shares of the company’s stock traded hands, compared to its average volume of 520,103. The firm has a 50 day moving average of $25.43 and a two-hundred day moving average of $25.30. VanEck Floating Rate ETF has a 12 month low of $24.93 and a 12 month high of $25.52.

About VanEck 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.