Family Firm Inc. Has $10.58 Million Stake in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Family Firm Inc. lessened its holdings in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 37.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 415,554 shares of the company’s stock after selling 250,016 shares during the quarter. VanEck Floating Rate ETF accounts for approximately 1.8% of Family Firm Inc.’s holdings, making the stock its 14th biggest holding. Family Firm Inc. owned approximately 0.68% of VanEck Floating Rate ETF worth $10,576,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FLTR. Strategic Financial Concepts LLC boosted its position in VanEck Floating Rate ETF by 3,267.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 11,667,315 shares of the company’s stock valued at $296,933,000 after buying an additional 11,320,822 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of VanEck Floating Rate ETF during the fourth quarter valued at $25,659,000. Ocean Park Asset Management LLC bought a new position in VanEck Floating Rate ETF in the fourth quarter valued at about $14,932,000. Twelve Points Wealth Management LLC acquired a new stake in VanEck Floating Rate ETF in the fourth quarter worth about $11,504,000. Finally, Fusion Capital LLC raised its holdings in VanEck Floating Rate ETF by 537.2% during the 4th quarter. Fusion Capital LLC now owns 477,625 shares of the company’s stock worth $12,156,000 after purchasing an additional 402,670 shares during the last quarter.

VanEck Floating Rate ETF Stock Performance

NYSEARCA:FLTR opened at $25.51 on Friday. The stock’s fifty day simple moving average is $25.51 and its 200-day simple moving average is $25.47. VanEck Floating Rate ETF has a 12-month low of $25.00 and a 12-month high of $25.58.

VanEck Floating Rate ETF 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.