VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sets New 12-Month High – Still a Buy?

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 $25.59 and last traded at $25.58, with a volume of 718173 shares traded. The stock had previously closed at $25.58.

VanEck IG Floating Rate ETF Stock Up 0.0%

The firm has a fifty day moving average price of $25.53 and a 200 day moving average price of $25.52.

VanEck IG Floating Rate ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.0947 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.4%.

Hedge Funds Weigh In On VanEck IG Floating Rate ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FLTR. All Terrain Financial Advisors LLC grew its position in VanEck IG Floating Rate ETF by 4.8% during the second quarter. All Terrain Financial Advisors LLC now owns 179,894 shares of the company’s stock worth $4,587,000 after buying an additional 8,176 shares during the period. Insigneo Advisory Services LLC lifted its position in shares of VanEck IG Floating Rate ETF by 4.2% during the 2nd quarter. Insigneo Advisory Services LLC now owns 70,867 shares of the company’s stock valued at $1,807,000 after acquiring an additional 2,850 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of VanEck IG Floating Rate ETF by 24.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 411,424 shares of the company’s stock worth $10,520,000 after acquiring an additional 82,055 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of VanEck IG Floating Rate ETF by 20.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 215,487 shares of the company’s stock worth $5,495,000 after acquiring an additional 35,967 shares during the period. Finally, Centurion Wealth Management LLC acquired a new stake in shares of VanEck IG Floating Rate ETF in the 3rd quarter worth approximately $511,000.

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.