VanEck IG Floating Rate ETF $FLTR Shares Bought by Kensington Asset Management LLC

Kensington Asset Management LLC grew its position in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 20.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,589,451 shares of the company’s stock after purchasing an additional 442,359 shares during the quarter. VanEck IG Floating Rate ETF comprises 3.4% of Kensington Asset Management LLC’s portfolio, making the stock its 10th biggest holding. Kensington Asset Management LLC’s holdings in VanEck IG Floating Rate ETF were worth $65,902,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FLTR. CIBC Private Wealth Group LLC acquired a new position in shares of VanEck IG Floating Rate ETF in the 4th quarter valued at approximately $30,000. Ameritas Advisory Services LLC acquired a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at approximately $38,000. Family Management Corp acquired a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at approximately $45,000. Elevated Capital Advisors LLC acquired a new position in shares of VanEck IG Floating Rate ETF in the 4th quarter valued at approximately $54,000. Finally, Private Trust Co. NA raised its position in shares of VanEck IG Floating Rate ETF by 84.6% in the 4th quarter. Private Trust Co. NA now owns 2,167 shares of the company’s stock valued at $55,000 after buying an additional 993 shares in the last quarter.

VanEck IG Floating Rate ETF Stock Performance

Shares of NYSEARCA:FLTR opened at $25.53 on Friday. The firm has a 50 day moving average of $25.50 and a 200-day moving average of $25.50. VanEck IG Floating Rate ETF has a 12 month low of $25.34 and a 12 month high of $25.59.

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.