Kingsview Wealth Management LLC Makes New $10.78 Million Investment in VanEck IG Floating Rate ETF $FLTR

Kingsview Wealth Management LLC purchased a new stake in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 421,628 shares of the company’s stock, valued at approximately $10,781,000. Kingsview Wealth Management LLC owned about 0.42% of VanEck IG Floating Rate ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of FLTR. Spire Wealth Management grew its holdings in VanEck IG Floating Rate ETF by 1,058.0% during the second quarter. Spire Wealth Management now owns 1,297 shares of the company’s stock valued at $33,000 after purchasing an additional 1,185 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of VanEck IG Floating Rate ETF during the third quarter worth $38,000. Tsfg LLC acquired a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at $39,000. CWM LLC grew its holdings in shares of VanEck IG Floating Rate ETF by 554.3% in the 3rd quarter. CWM LLC now owns 1,819 shares of the company’s stock valued at $47,000 after buying an additional 1,541 shares during the period. Finally, Caitlin John LLC bought a new stake in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at $87,000.

VanEck IG Floating Rate ETF Stock Up 0.0%

Shares of VanEck IG Floating Rate ETF stock opened at $25.58 on Monday. The stock’s fifty day simple moving average is $25.53 and its 200 day simple moving average is $25.52. VanEck IG Floating Rate ETF has a 12 month low of $24.59 and a 12 month high of $25.59.

VanEck IG Floating Rate ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.086 per share. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Monday, March 2nd.

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.