Vima LLC Makes New Investment in VanEck IG Floating Rate ETF $FLTR

Vima LLC acquired a new position in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) in the third quarter, HoldingsChannel reports. The fund acquired 50,603 shares of the company’s stock, valued at approximately $1,295,000. VanEck IG Floating Rate ETF accounts for 1.3% of Vima LLC’s holdings, making the stock its 24th biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Andrew Hill Investment Advisors Inc. bought a new stake in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at about $265,000. Demars Financial Group LLC bought a new position in VanEck IG Floating Rate ETF during the 3rd quarter worth approximately $18,350,000. Royal Fund Management LLC bought a new position in VanEck IG Floating Rate ETF during the 3rd quarter worth approximately $985,000. Brookstone Capital Management bought a new position in VanEck IG Floating Rate ETF during the 3rd quarter worth approximately $884,000. Finally, SeaCrest Wealth Management LLC bought a new position in VanEck IG Floating Rate ETF during the 3rd quarter worth approximately $538,000.

VanEck IG Floating Rate ETF Stock Down 0.0%

Shares of NYSEARCA:FLTR opened at $25.56 on Friday. VanEck IG Floating Rate ETF has a 52 week low of $25.35 and a 52 week high of $25.61. The company has a 50 day moving average price of $25.56 and a two-hundred day moving average price of $25.54.

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.