VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sees Unusually-High Trading Volume – Time to Buy?

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) saw an uptick in trading volume on Friday . 2,258,964 shares traded hands during mid-day trading, an increase of 179% from the previous session’s volume of 810,647 shares.The stock last traded at $25.45 and had previously closed at $25.46.

VanEck IG Floating Rate ETF Trading Down 0.0%

The company’s 50-day moving average price is $25.52 and its two-hundred day moving average price is $25.51.

VanEck IG Floating Rate ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.086 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, March 2nd.

Hedge Funds Weigh In On VanEck IG Floating Rate ETF

A number of large investors have recently modified their holdings of the company. All Terrain Financial Advisors LLC lifted its stake in VanEck IG Floating Rate ETF by 4.8% in the second quarter. All Terrain Financial Advisors LLC now owns 179,894 shares of the company’s stock worth $4,587,000 after purchasing an additional 8,176 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of VanEck IG Floating Rate ETF by 24.9% in the third quarter. Envestnet Asset Management Inc. now owns 411,424 shares of the company’s stock worth $10,520,000 after buying an additional 82,055 shares during the period. Geneos Wealth Management Inc. grew its holdings in VanEck IG Floating Rate ETF by 20.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 215,487 shares of the company’s stock worth $5,495,000 after acquiring an additional 35,967 shares during the last quarter. Centurion Wealth Management LLC bought a new stake in VanEck IG Floating Rate ETF in the 3rd quarter worth $511,000. Finally, Independent Wealth Network Inc. purchased a new position in shares of VanEck IG Floating Rate ETF in the third quarter valued at about $503,000.

VanEck IG Floating Rate ETF Company 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.