Sovran Advisors LLC Lowers Position in VanEck IG Floating Rate ETF $FLTR

Sovran Advisors LLC decreased its stake in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 22.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 94,820 shares of the company’s stock after selling 27,584 shares during the quarter. Sovran Advisors LLC’s holdings in VanEck IG Floating Rate ETF were worth $2,421,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FLTR. Goldman Sachs Group Inc. acquired a new position in shares of VanEck IG Floating Rate ETF in the 1st quarter valued at $1,969,000. JPMorgan Chase & Co. increased its holdings in shares of VanEck IG Floating Rate ETF by 53.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 52,140 shares of the company’s stock worth $1,330,000 after buying an additional 18,103 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of VanEck IG Floating Rate ETF by 5.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,680,949 shares of the company’s stock worth $42,864,000 after buying an additional 81,597 shares during the period. Vista Investment Management raised its position in shares of VanEck IG Floating Rate ETF by 8.0% in the 2nd quarter. Vista Investment Management now owns 255,518 shares of the company’s stock worth $6,516,000 after buying an additional 18,862 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in VanEck IG Floating Rate ETF by 53.2% in the second quarter. Ameriprise Financial Inc. now owns 512,181 shares of the company’s stock valued at $12,851,000 after acquiring an additional 177,757 shares during the last quarter.

VanEck IG Floating Rate ETF Price Performance

Shares of VanEck IG Floating Rate ETF stock remained flat at $25.56 during trading hours on Friday. The stock had a trading volume of 754,324 shares, compared to its average volume of 887,876. The business’s 50-day simple moving average is $25.54 and its 200 day simple moving average is $25.51. VanEck IG Floating Rate ETF has a 52 week low of $25.34 and a 52 week high of $25.61.

VanEck IG Floating Rate ETF 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.