Demars Financial Group LLC lifted its holdings in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR – Free Report) by 10.5% in the first quarter, Holdings Channel.com reports. The fund owned 576,430 shares of the company’s stock after purchasing an additional 54,717 shares during the quarter. VanEck IG Floating Rate ETF accounts for approximately 4.8% of Demars Financial Group LLC’s portfolio, making the stock its 6th largest position. Demars Financial Group LLC’s holdings in VanEck IG Floating Rate ETF were worth $14,687,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. Whittier Trust Co. bought a new stake in VanEck IG Floating Rate ETF in the first quarter valued at about $25,000. CIBC Private Wealth Group LLC bought a new position in VanEck IG Floating Rate ETF during the fourth quarter worth about $30,000. Family Management Corp bought a new position in VanEck IG Floating Rate ETF during the third quarter worth about $45,000. Elevated Capital Advisors LLC acquired a new stake in VanEck IG Floating Rate ETF during the fourth quarter valued at approximately $54,000. Finally, Private Trust Co. NA boosted its holdings in VanEck IG Floating Rate ETF by 84.6% during the fourth quarter. Private Trust Co. NA now owns 2,167 shares of the company’s stock valued at $55,000 after purchasing an additional 993 shares in the last quarter.
VanEck IG Floating Rate ETF Stock Performance
FLTR stock opened at $25.55 on Thursday. VanEck IG Floating Rate ETF has a 1-year low of $25.34 and a 1-year high of $25.61. The business’s 50 day moving average is $25.54 and its 200-day moving average is $25.51.
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.
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