Sovran Advisors LLC Grows Stock Holdings in VanEck IG Floating Rate ETF $FLTR

Sovran Advisors LLC raised its stake in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 52.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 200,630 shares of the company’s stock after buying an additional 68,673 shares during the period. Sovran Advisors LLC owned approximately 0.20% of VanEck IG Floating Rate ETF worth $5,128,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wealthfront Advisers LLC grew its holdings in shares of VanEck IG Floating Rate ETF by 182.0% in the 2nd quarter. Wealthfront Advisers LLC now owns 5,159,089 shares of the company’s stock worth $131,557,000 after acquiring an additional 3,329,539 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its position in VanEck IG Floating Rate ETF by 2.9% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 4,272,209 shares of the company’s stock worth $108,941,000 after purchasing an additional 120,351 shares in the last quarter. Raymond James Financial Inc. grew its holdings in VanEck IG Floating Rate ETF by 5.1% in the second quarter. Raymond James Financial Inc. now owns 1,680,949 shares of the company’s stock valued at $42,864,000 after purchasing an additional 81,597 shares during the last quarter. Keudell Morrison Wealth Management increased its position in shares of VanEck IG Floating Rate ETF by 35.3% in the second quarter. Keudell Morrison Wealth Management now owns 1,609,862 shares of the company’s stock valued at $41,051,000 after buying an additional 420,374 shares in the last quarter. Finally, Fusion Capital LLC raised its stake in shares of VanEck IG Floating Rate ETF by 3.5% during the 2nd quarter. Fusion Capital LLC now owns 1,082,442 shares of the company’s stock worth $27,602,000 after buying an additional 36,537 shares during the last quarter.

VanEck IG Floating Rate ETF Stock Performance

VanEck IG Floating Rate ETF stock opened at $25.55 on Monday. VanEck IG Floating Rate ETF has a 52 week low of $24.59 and a 52 week high of $25.59. The firm’s 50-day simple moving average is $25.50 and its 200 day simple moving average is $25.51.

About VanEck IG 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.