VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sees Unusually-High Trading Volume – Here’s What Happened

VanEck IG Floating Rate ETF (NYSEARCA:FLTRGet Free Report) saw strong trading volume on Friday . 2,258,964 shares were traded during trading, an increase of 179% from the previous session’s volume of 810,647 shares.The stock last traded at $25.45 and had previously closed at $25.46.

VanEck IG Floating Rate ETF Stock Down 0.1%

The stock’s 50 day moving average is $25.52 and its 200-day moving average is $25.51.

VanEck IG Floating Rate ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. John A. Wolfe & Associates Inc. bought a new stake in shares of VanEck IG Floating Rate ETF during the fourth quarter valued at approximately $3,291,000. Lane Brothers & Co. Inc. purchased a new stake in VanEck IG Floating Rate ETF in the fourth quarter worth $15,002,000. Corient Private Wealth LLC bought a new position in VanEck IG Floating Rate ETF in the fourth quarter worth $11,647,000. Axxcess Wealth Management LLC bought a new position in VanEck IG Floating Rate ETF in the fourth quarter worth $215,000. Finally, Virtue Capital Management LLC lifted its position in VanEck IG Floating Rate ETF by 13,805.5% during the fourth quarter. Virtue Capital Management LLC now owns 1,161,111 shares of the company’s stock valued at $29,597,000 after buying an additional 1,152,761 shares during the period.

About VanEck IG Floating Rate ETF

(Get Free Report)

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.

Further Reading

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