VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sees Strong Trading Volume – Time to Buy?

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) shares saw unusually-high trading volume on Friday . 2,180,160 shares traded hands during mid-day trading, an increase of 131% from the previous session’s volume of 944,027 shares.The stock last traded at $25.60 and had previously closed at $25.59.

VanEck IG Floating Rate ETF Price Performance

The company’s 50-day moving average is $25.56 and its 200 day moving average is $25.53.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FLTR. Liberty Square Wealth Partners LLC raised its position in VanEck IG Floating Rate ETF by 1.2% during the first quarter. Liberty Square Wealth Partners LLC now owns 41,287 shares of the company’s stock valued at $1,052,000 after buying an additional 508 shares during the period. EverSource Wealth Advisors LLC boosted 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 period. Integrated Advisors Network LLC grew its stake in VanEck IG Floating Rate ETF by 2.8% during the 4th quarter. Integrated Advisors Network LLC now owns 19,250 shares of the company’s stock valued at $490,000 after acquiring an additional 530 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in VanEck IG Floating Rate ETF by 1.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 63,764 shares of the company’s stock valued at $1,625,000 after acquiring an additional 662 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its holdings in shares of VanEck IG Floating Rate ETF by 6.1% in the 4th quarter. Ausdal Financial Partners Inc. now owns 16,214 shares of the company’s stock valued at $413,000 after purchasing an additional 925 shares during the period.

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.