Oppenheimer & Co. Inc. Buys New Shares in VanEck IG Floating Rate ETF $FLTR

Oppenheimer & Co. Inc. purchased a new stake in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 81,588 shares of the company’s stock, valued at approximately $2,088,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FLTR. Park Avenue Securities LLC purchased a new stake in shares of VanEck IG Floating Rate ETF during the third quarter valued at $2,055,000. WESPAC Advisors LLC acquired a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at $1,166,000. Verdence Capital Advisors LLC acquired a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at $7,200,000. Bright Futures Wealth Management LLC. acquired a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at $780,000. Finally, ORBA Wealth Advisors L.L.C. purchased a new position in VanEck IG Floating Rate ETF in the 3rd quarter worth $2,426,000.

VanEck IG Floating Rate ETF Stock Performance

VanEck IG Floating Rate ETF stock opened at $25.57 on Friday. The business’s 50-day simple moving average is $25.56 and its two-hundred day simple moving average is $25.53. VanEck IG Floating Rate ETF has a fifty-two week low of $25.35 and a fifty-two week high of $25.61.

VanEck IG Floating Rate ETF 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.