Advisory Services Network LLC Grows Holdings in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Advisory Services Network LLC increased its stake in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 184.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 26,125 shares of the company’s stock after purchasing an additional 16,926 shares during the period. Advisory Services Network LLC’s holdings in VanEck Floating Rate ETF were worth $665,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC increased its stake in VanEck Floating Rate ETF by 3,267.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 11,667,315 shares of the company’s stock worth $296,933,000 after buying an additional 11,320,822 shares during the period. LPL Financial LLC raised its stake in shares of VanEck Floating Rate ETF by 33.6% in the fourth quarter. LPL Financial LLC now owns 3,074,762 shares of the company’s stock valued at $78,253,000 after acquiring an additional 772,961 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in VanEck Floating Rate ETF by 8.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,035,743 shares of the company’s stock valued at $77,260,000 after purchasing an additional 238,666 shares during the period. Renaissance Technologies LLC grew its stake in VanEck Floating Rate ETF by 31.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,847,800 shares of the company’s stock worth $47,027,000 after purchasing an additional 445,800 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in VanEck Floating Rate ETF in the 4th quarter valued at about $25,659,000.

VanEck Floating Rate ETF Price Performance

Shares of VanEck Floating Rate ETF stock opened at $25.25 on Wednesday. The business has a 50-day simple moving average of $25.44 and a 200-day simple moving average of $25.46. VanEck Floating Rate ETF has a one year low of $24.59 and a one year 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.