VanEck IG Floating Rate ETF $FLTR Stock Position Lifted by Fusion Capital LLC

Fusion Capital LLC grew its holdings in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 25.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,363,002 shares of the company’s stock after purchasing an additional 280,560 shares during the quarter. VanEck IG Floating Rate ETF makes up 10.3% of Fusion Capital LLC’s investment portfolio, making the stock its largest holding. Fusion Capital LLC owned 1.36% of VanEck IG Floating Rate ETF worth $34,825,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Spire Wealth Management grew its position in shares of VanEck IG Floating Rate ETF by 1,058.0% during the 2nd quarter. Spire Wealth Management now owns 1,297 shares of the company’s stock valued at $33,000 after acquiring an additional 1,185 shares during the period. Tsfg LLC bought a new position in VanEck IG Floating Rate ETF during the third quarter valued at $39,000. Bogart Wealth LLC grew its holdings in VanEck IG Floating Rate ETF by 48.3% during the second quarter. Bogart Wealth LLC now owns 1,749 shares of the company’s stock valued at $45,000 after purchasing an additional 570 shares during the period. CWM LLC increased its position in VanEck IG Floating Rate ETF by 554.3% in the third quarter. CWM LLC now owns 1,819 shares of the company’s stock worth $47,000 after buying an additional 1,541 shares during the last quarter. Finally, Sheets Smith Wealth Management bought a new stake in shares of VanEck IG Floating Rate ETF in the third quarter valued at $205,000.

VanEck IG Floating Rate ETF Stock Performance

Shares of VanEck IG Floating Rate ETF stock opened at $25.52 on Thursday. VanEck IG Floating Rate ETF has a 52-week low of $24.59 and a 52-week high of $25.59. The stock’s 50-day simple moving average is $25.51 and its 200 day simple moving average is $25.51.

VanEck IG Floating Rate ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be paid a $0.0947 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, February 2nd.

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.