Kensington Asset Management LLC Purchases 399,928 Shares of VanEck IG Floating Rate ETF $FLTR

Kensington Asset Management LLC increased its holdings in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 15.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,989,379 shares of the company’s stock after acquiring an additional 399,928 shares during the quarter. VanEck IG Floating Rate ETF makes up about 3.6% of Kensington Asset Management LLC’s investment portfolio, making the stock its 12th largest position. Kensington Asset Management LLC owned approximately 2.86% of VanEck IG Floating Rate ETF worth $76,169,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Royal Fund Management LLC increased its position in VanEck IG Floating Rate ETF by 6.7% during the 1st quarter. Royal Fund Management LLC now owns 36,400 shares of the company’s stock valued at $927,000 after purchasing an additional 2,282 shares during the period. Bank of America Corp DE lifted its position in shares of VanEck IG Floating Rate ETF by 7.9% in the 1st quarter. Bank of America Corp DE now owns 1,694,850 shares of the company’s stock worth $43,185,000 after purchasing an additional 123,390 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of VanEck IG Floating Rate ETF by 6.6% during the first quarter. Arkadios Wealth Advisors now owns 50,275 shares of the company’s stock valued at $1,281,000 after purchasing an additional 3,131 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of VanEck IG Floating Rate ETF by 103.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,015 shares of the company’s stock valued at $26,000 after purchasing an additional 516 shares in the last quarter. Finally, Gateway Wealth Partners LLC bought a new position in shares of VanEck IG Floating Rate ETF during the first quarter valued at approximately $344,000.

VanEck IG Floating Rate ETF Price Performance

Shares of FLTR stock opened at $25.61 on Friday. The company’s 50 day moving average is $25.56 and its 200 day moving average is $25.52. VanEck IG Floating Rate ETF has a 52-week low of $25.34 and a 52-week high of $25.61.

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.