Root Financial Partners LLC Invests $414,000 in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Root Financial Partners LLC bought a new stake in VanEck Floating Rate ETF (NYSEARCA:FLTR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 16,285 shares of the company’s stock, valued at approximately $414,000.

Several other large investors have also modified their holdings of the stock. Goldstone Financial Group LLC acquired a new stake in VanEck Floating Rate ETF during the third quarter valued at approximately $202,000. CHB Investment Group LLC bought a new stake in shares of VanEck Floating Rate ETF in the 3rd quarter valued at approximately $229,000. PFG Investments LLC bought a new position in VanEck Floating Rate ETF during the third quarter worth $248,000. First Heartland Consultants Inc. bought a new position in VanEck Floating Rate ETF during the third quarter worth $265,000. Finally, Greater Midwest Financial Group LLC acquired a new position in VanEck Floating Rate ETF in the fourth quarter worth $281,000.

VanEck Floating Rate ETF Price Performance

Shares of NYSEARCA:FLTR opened at $25.51 on Friday. The company’s fifty day moving average is $25.49 and its two-hundred day moving average is $25.45. VanEck Floating Rate ETF has a 1-year low of $25.00 and a 1-year high of $25.56.

VanEck 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.