VanEck IG Floating Rate ETF $FLTR Shares Purchased by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. raised its holdings in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 2.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,272,209 shares of the company’s stock after purchasing an additional 120,351 shares during the quarter. VanEck IG Floating Rate ETF makes up approximately 14.3% of Pinnacle Wealth Planning Services Inc.’s holdings, making the stock its largest holding. Pinnacle Wealth Planning Services Inc.’s holdings in VanEck IG Floating Rate ETF were worth $108,941,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Private Advisor Group LLC increased its holdings in VanEck IG Floating Rate ETF by 3,008.5% in the first quarter. Private Advisor Group LLC now owns 290,990 shares of the company’s stock valued at $7,435,000 after purchasing an additional 281,629 shares during the last quarter. IFP Advisors Inc boosted its holdings in VanEck IG Floating Rate ETF by 344.9% during the first quarter. IFP Advisors Inc now owns 12,151 shares of the company’s stock worth $310,000 after buying an additional 9,420 shares during the last quarter. OneAscent Wealth Management LLC grew its position in shares of VanEck IG Floating Rate ETF by 15.9% during the 1st quarter. OneAscent Wealth Management LLC now owns 44,118 shares of the company’s stock worth $1,127,000 after buying an additional 6,068 shares during the period. PFG Advisors grew its position in shares of VanEck IG Floating Rate ETF by 39.7% during the 1st quarter. PFG Advisors now owns 40,996 shares of the company’s stock worth $1,047,000 after buying an additional 11,640 shares during the period. Finally, Kovack Advisors Inc. increased its stake in shares of VanEck IG Floating Rate ETF by 7.3% in the 1st quarter. Kovack Advisors Inc. now owns 142,186 shares of the company’s stock valued at $3,633,000 after acquiring an additional 9,669 shares during the last quarter.

VanEck IG Floating Rate ETF Price Performance

VanEck IG Floating Rate ETF stock opened at $25.51 on Tuesday. The company’s 50 day simple moving average is $25.51 and its 200 day simple moving average is $25.48. VanEck IG Floating Rate ETF has a fifty-two week low of $24.59 and a fifty-two week high of $25.59.

VanEck IG Floating Rate ETF Company 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.