WealthShield Partners LLC Buys 321,649 Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR)

WealthShield Partners LLC lifted its stake in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 558.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 379,237 shares of the company’s stock after purchasing an additional 321,649 shares during the quarter. VanEck Floating Rate ETF comprises approximately 1.4% of WealthShield Partners LLC’s holdings, making the stock its 15th largest position. WealthShield Partners LLC owned 0.62% of VanEck Floating Rate ETF worth $9,652,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Principal Securities Inc. boosted its position in shares of VanEck Floating Rate ETF by 29.4% in the 4th quarter. Principal Securities Inc. now owns 5,082 shares of the company’s stock worth $129,000 after purchasing an additional 1,155 shares in the last quarter. Goldstone Financial Group LLC bought a new position in VanEck Floating Rate ETF in the 3rd quarter valued at approximately $202,000. Sanctuary Advisors LLC bought a new position in VanEck Floating Rate ETF in the 4th quarter valued at approximately $248,000. PFG Investments LLC bought a new position in VanEck Floating Rate ETF in the 3rd quarter valued at approximately $248,000. Finally, First Heartland Consultants Inc. bought a new position in VanEck Floating Rate ETF in the 3rd quarter valued at approximately $265,000.

VanEck Floating Rate ETF Stock Up 0.0 %

FLTR stock opened at $25.56 on Monday. VanEck Floating Rate ETF has a 12-month low of $25.00 and a 12-month high of $25.56. The stock’s 50 day simple moving average is $25.50 and its 200 day simple moving average is $25.45.

About VanEck 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.