VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sets New 52-Week High – Here’s Why

VanEck IG Floating Rate ETF (NYSEARCA:FLTR)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $25.59 and last traded at $25.58, with a volume of 59356 shares trading hands. The stock had previously closed at $25.59.

VanEck IG Floating Rate ETF Stock Down 0.0%

The company’s 50 day simple moving average is $25.53 and its two-hundred day simple moving average is $25.51.

Institutional Trading of VanEck IG Floating Rate ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FLTR. Goldman Sachs Group Inc. acquired a new position in VanEck IG Floating Rate ETF during the 1st quarter valued at about $1,969,000. JPMorgan Chase & Co. boosted its holdings in VanEck IG Floating Rate ETF by 53.2% in the second quarter. JPMorgan Chase & Co. now owns 52,140 shares of the company’s stock worth $1,330,000 after acquiring an additional 18,103 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of VanEck IG Floating Rate ETF by 5.1% during the second quarter. Raymond James Financial Inc. now owns 1,680,949 shares of the company’s stock worth $42,864,000 after acquiring an additional 81,597 shares during the last quarter. Vista Investment Management grew its stake in shares of VanEck IG Floating Rate ETF by 8.0% during the second quarter. Vista Investment Management now owns 255,518 shares of the company’s stock worth $6,516,000 after acquiring an additional 18,862 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of VanEck IG Floating Rate ETF by 53.2% during the second quarter. Ameriprise Financial Inc. now owns 512,181 shares of the company’s stock valued at $12,851,000 after acquiring an additional 177,757 shares in the last quarter.

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.