VanEck Floating Rate ETF (NYSEARCA:FLTR) Stock Position Trimmed by Systelligence LLC

Systelligence LLC reduced its stake in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 16.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451,817 shares of the company’s stock after selling 89,342 shares during the quarter. VanEck Floating Rate ETF comprises approximately 2.8% of Systelligence LLC’s portfolio, making the stock its 10th biggest holding. Systelligence LLC owned approximately 0.74% of VanEck Floating Rate ETF worth $11,499,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FLTR. Raymond James & Associates raised its stake in VanEck Floating Rate ETF by 11.1% in the third quarter. Raymond James & Associates now owns 263,795 shares of the company’s stock valued at $6,719,000 after purchasing an additional 26,364 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of VanEck Floating Rate ETF during the third quarter worth approximately $7,772,000. Leo Wealth LLC purchased a new position in shares of VanEck Floating Rate ETF during the third quarter worth approximately $324,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of VanEck Floating Rate ETF by 71.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,000 shares of the company’s stock worth $306,000 after acquiring an additional 5,000 shares in the last quarter. Finally, PFG Investments LLC purchased a new position in shares of VanEck Floating Rate ETF during the third quarter worth approximately $248,000.

VanEck Floating Rate ETF Price Performance

FLTR stock opened at $25.53 on Monday. VanEck Floating Rate ETF has a one year low of $25.00 and a one year high of $25.56. The company’s 50 day moving average price is $25.49 and its two-hundred day moving average price is $25.45.

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.