VanEck Floating Rate ETF (NYSEARCA:FLTR) Sets New 1-Year High at $25.51

VanEck Floating Rate ETF (NYSEARCA:FLTR)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $25.51 and last traded at $25.51, with a volume of 59888 shares traded. The stock had previously closed at $25.50.

VanEck Floating Rate ETF Price Performance

The company’s fifty day moving average price is $25.43 and its 200 day moving average price is $25.29.

Institutional Investors Weigh In On VanEck Floating Rate ETF

Several large investors have recently modified their holdings of the stock. WealthPlan Investment Management LLC boosted its stake in shares of VanEck Floating Rate ETF by 716,523.0% during the 3rd quarter. WealthPlan Investment Management LLC now owns 530,301 shares of the company’s stock worth $13,411,000 after acquiring an additional 530,227 shares during the period. Wright Fund Management LLC acquired a new stake in VanEck Floating Rate ETF during the 3rd quarter valued at approximately $9,924,000. Wealthfront Advisers LLC boosted its stake in VanEck Floating Rate ETF by 462.7% during the third quarter. Wealthfront Advisers LLC now owns 463,883 shares of the company’s stock worth $11,732,000 after acquiring an additional 381,437 shares in the last quarter. Avalon Capital Management bought a new stake in shares of VanEck Floating Rate ETF during the first quarter valued at approximately $9,271,000. Finally, Pinnacle Wealth Planning Services Inc. raised its stake in shares of VanEck Floating Rate ETF by 5.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 3,811,707 shares of the company’s stock worth $96,398,000 after purchasing an additional 193,311 shares during the last quarter.

VanEck 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.