VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sees Large Volume Increase – Here’s Why

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) shares saw unusually-high trading volume on Wednesday . Approximately 2,098,909 shares were traded during mid-day trading, an increase of 170% from the previous session’s volume of 778,177 shares.The stock last traded at $25.5350 and had previously closed at $25.52.

VanEck IG Floating Rate ETF Price Performance

The stock has a 50-day simple moving average of $25.50 and a 200 day simple moving average of $25.51.

Institutional Investors Weigh In On VanEck IG Floating Rate ETF

Several institutional investors and hedge funds have recently bought and sold shares of FLTR. Spire Wealth Management increased its holdings in shares of VanEck IG Floating Rate ETF by 1,058.0% during the second quarter. Spire Wealth Management now owns 1,297 shares of the company’s stock worth $33,000 after buying an additional 1,185 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of VanEck IG Floating Rate ETF in the third quarter valued at $38,000. Tsfg LLC acquired a new stake in shares of VanEck IG Floating Rate ETF in the third quarter valued at $39,000. Bogart Wealth LLC raised its holdings in shares of VanEck IG Floating Rate ETF by 48.3% in the second quarter. Bogart Wealth LLC now owns 1,749 shares of the company’s stock valued at $45,000 after buying an additional 570 shares during the last quarter. Finally, Family Management Corp acquired a new position in VanEck IG Floating Rate ETF during the 3rd quarter worth about $45,000.

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.