VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sets New 12-Month High – Here’s Why

Shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) hit a new 52-week high on Monday . The stock traded as high as $25.61 and last traded at $25.61, with a volume of 42189 shares trading hands. The stock had previously closed at $25.59.

VanEck IG Floating Rate ETF Trading Up 0.0%

The business has a 50 day simple moving average of $25.56 and a two-hundred day simple moving average of $25.53.

Hedge Funds Weigh In On VanEck IG Floating Rate ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tucker Asset Management LLC grew its stake in VanEck IG Floating Rate ETF by 113.1% during the second quarter. Tucker Asset Management LLC now owns 26,904 shares of the company’s stock worth $689,000 after buying an additional 14,281 shares during the period. Ameritas Advisory Services LLC acquired a new stake in VanEck IG Floating Rate ETF during the 2nd quarter valued at approximately $414,000. Anson Capital Inc. increased its stake in shares of VanEck IG Floating Rate ETF by 4.1% in the second quarter. Anson Capital Inc. now owns 383,146 shares of the company’s stock worth $9,812,000 after buying an additional 15,190 shares during the last quarter. Compass Financial Management LLC bought a new stake in shares of VanEck IG Floating Rate ETF in the 2nd quarter worth about $8,171,000. Finally, Insight Wealth Strategies LLC bought a new stake in VanEck IG Floating Rate ETF in the second quarter valued at about $28,229,000.

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.