VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sees Large Volume Increase – What’s Next?

Shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) saw an uptick in trading volume on Wednesday . 2,195,650 shares traded hands during mid-day trading, an increase of 170% from the previous session’s volume of 811,801 shares.The stock last traded at $25.57 and had previously closed at $25.57.

VanEck IG Floating Rate ETF Stock Performance

The company’s 50 day simple moving average is $25.49 and its 200 day simple moving average is $25.50.

Hedge Funds Weigh In On VanEck IG Floating Rate ETF

Several large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its position in VanEck IG Floating Rate ETF by 24.9% during the third quarter. Envestnet Asset Management Inc. now owns 411,424 shares of the company’s stock worth $10,520,000 after acquiring an additional 82,055 shares during the period. Jones Financial Companies Lllp boosted its stake in VanEck IG Floating Rate ETF by 80.8% during the third quarter. Jones Financial Companies Lllp now owns 116,290 shares of the company’s stock worth $2,972,000 after buying an additional 51,984 shares in the last quarter. Fusion Capital LLC boosted its stake in VanEck IG Floating Rate ETF by 25.9% during the third quarter. Fusion Capital LLC now owns 1,363,002 shares of the company’s stock worth $34,825,000 after buying an additional 280,560 shares in the last quarter. Parsons Capital Management Inc. RI boosted its stake in VanEck IG Floating Rate ETF by 12.4% during the fourth quarter. Parsons Capital Management Inc. RI now owns 469,311 shares of the company’s stock worth $11,958,000 after buying an additional 51,736 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC boosted its stake in VanEck IG Floating Rate ETF by 55.3% during the third quarter. Prevail Innovative Wealth Advisors LLC now owns 62,460 shares of the company’s stock worth $1,597,000 after buying an additional 22,245 shares in the last quarter.

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.