VanEck IG Floating Rate ETF $FLTR Shares Sold by Concord Asset Management LLC VA

Concord Asset Management LLC VA reduced its holdings in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 61.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 17,973 shares of the company’s stock after selling 28,337 shares during the period. Concord Asset Management LLC VA’s holdings in VanEck IG Floating Rate ETF were worth $460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Spire Wealth Management grew its stake in shares of VanEck IG Floating Rate ETF by 1,058.0% in the second quarter. Spire Wealth Management now owns 1,297 shares of the company’s stock worth $33,000 after acquiring an additional 1,185 shares in the last quarter. Tsfg LLC purchased a new position in VanEck IG Floating Rate ETF in the third quarter valued at $39,000. Bogart Wealth LLC boosted its holdings in VanEck IG Floating Rate ETF by 48.3% in the second quarter. Bogart Wealth LLC now owns 1,749 shares of the company’s stock valued at $45,000 after purchasing an additional 570 shares during the period. CWM LLC grew its stake in VanEck IG Floating Rate ETF by 554.3% during the 3rd quarter. CWM LLC now owns 1,819 shares of the company’s stock worth $47,000 after purchasing an additional 1,541 shares in the last quarter. Finally, Sheets Smith Wealth Management purchased a new stake in VanEck IG Floating Rate ETF during the 3rd quarter worth about $205,000.

VanEck IG Floating Rate ETF Stock Up 0.0%

FLTR stock opened at $25.53 on Friday. The business’s 50-day moving average is $25.51 and its two-hundred day moving average is $25.51. VanEck IG Floating Rate ETF has a 1 year low of $24.59 and a 1 year high of $25.59.

VanEck IG Floating Rate ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.0947 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.5%.

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.