Smith Thornton Advisors LLC Makes New Investment in VanEck IG Floating Rate ETF $FLTR

Smith Thornton Advisors LLC acquired a new position in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 135,398 shares of the company’s stock, valued at approximately $3,465,000. VanEck IG Floating Rate ETF accounts for about 1.5% of Smith Thornton Advisors LLC’s holdings, making the stock its 23rd largest holding. Smith Thornton Advisors LLC owned 0.10% of VanEck IG Floating Rate ETF at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Whittier Trust Co. bought a new position in VanEck IG Floating Rate ETF in the 1st quarter worth $25,000. EverSource Wealth Advisors LLC lifted its position in VanEck IG Floating Rate ETF by 103.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,015 shares of the company’s stock worth $26,000 after acquiring an additional 516 shares during the last quarter. Assetmark Inc. lifted its position in VanEck IG Floating Rate ETF by 126.6% during the 1st quarter. Assetmark Inc. now owns 1,659 shares of the company’s stock worth $42,000 after acquiring an additional 927 shares during the last quarter. Allworth Financial LP boosted its holdings in VanEck IG Floating Rate ETF by 182.9% during the second quarter. Allworth Financial LP now owns 2,246 shares of the company’s stock valued at $58,000 after acquiring an additional 1,452 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in VanEck IG Floating Rate ETF by 130.0% during the second quarter. NewEdge Advisors LLC now owns 4,600 shares of the company’s stock valued at $118,000 after acquiring an additional 2,600 shares during the period.

VanEck IG Floating Rate ETF Stock Performance

FLTR stock opened at $25.55 on Friday. The company has a 50-day moving average of $25.56 and a two-hundred day moving average of $25.54. VanEck IG Floating Rate ETF has a 52-week low of $25.35 and a 52-week high of $25.61.

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.