Parsons Capital Management Inc. RI Increases Position in VanEck IG Floating Rate ETF $FLTR

Parsons Capital Management Inc. RI grew its position in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 469,311 shares of the company’s stock after purchasing an additional 51,736 shares during the period. Parsons Capital Management Inc. RI owned approximately 0.47% of VanEck IG Floating Rate ETF worth $11,958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FLTR. Goldman Sachs Group Inc. purchased a new stake in shares of VanEck IG Floating Rate ETF in the 1st quarter valued at $1,969,000. JPMorgan Chase & Co. boosted its holdings in VanEck IG Floating Rate ETF by 53.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 52,140 shares of the company’s stock valued at $1,330,000 after acquiring an additional 18,103 shares during the period. J.W. Cole Advisors Inc. acquired a new position in VanEck IG Floating Rate ETF in the 2nd quarter valued at about $215,000. All Terrain Financial Advisors LLC grew its position in VanEck IG Floating Rate ETF by 4.8% in the 2nd quarter. All Terrain Financial Advisors LLC now owns 179,894 shares of the company’s stock valued at $4,587,000 after acquiring an additional 8,176 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in VanEck IG Floating Rate ETF by 146.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 52,297 shares of the company’s stock worth $1,334,000 after purchasing an additional 31,068 shares during the period.

VanEck IG Floating Rate ETF Trading Down 0.1%

Shares of NYSEARCA:FLTR opened at $25.46 on Friday. The firm’s 50-day moving average is $25.52 and its two-hundred day moving average is $25.51. VanEck IG Floating Rate ETF has a 1 year low of $24.59 and a 1 year high of $25.59.

VanEck IG Floating Rate ETF Cuts Dividend

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

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.