VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sets New 1-Year High – Time to Buy?

Shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $25.61 and last traded at $25.60, with a volume of 1700652 shares traded. The stock had previously closed at $25.59.

VanEck IG Floating Rate ETF Stock Performance

The stock has a 50-day moving average price of $25.56 and a 200 day moving average price of $25.52.

Institutional Trading of VanEck IG Floating Rate ETF

Several institutional investors have recently bought and sold shares of FLTR. Whittier Trust Co. purchased a new position in shares of VanEck IG Floating Rate ETF during the 1st quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its position in 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 worth $26,000 after acquiring an additional 516 shares during the period. CIBC Private Wealth Group LLC purchased a new position in VanEck IG Floating Rate ETF during the fourth quarter valued at $30,000. Assetmark Inc. grew its position in shares of VanEck IG Floating Rate ETF by 126.6% in the first quarter. Assetmark Inc. now owns 1,659 shares of the company’s stock valued at $42,000 after purchasing an additional 927 shares during the period. Finally, Family Management Corp purchased a new stake in shares of VanEck IG Floating Rate ETF during the third quarter worth about $45,000.

About VanEck IG 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.