MGO One Seven LLC Makes New Investment in VanEck IG Floating Rate ETF $FLTR

MGO One Seven LLC acquired a new stake in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 25,672 shares of the company’s stock, valued at approximately $657,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of VanEck IG Floating Rate ETF during the third quarter worth about $78,831,000. Fusion Capital LLC bought a new position in VanEck IG Floating Rate ETF during the 3rd quarter valued at approximately $43,729,000. Insight Wealth Strategies LLC bought a new position in VanEck IG Floating Rate ETF during the 3rd quarter valued at approximately $29,143,000. Demars Financial Group LLC bought a new position in VanEck IG Floating Rate ETF during the 3rd quarter valued at approximately $18,350,000. Finally, White Pine Investment CO purchased a new stake in VanEck IG Floating Rate ETF in the 3rd quarter worth approximately $15,055,000.

VanEck IG Floating Rate ETF Stock Performance

NYSEARCA FLTR remained flat at $25.47 on Friday. The company’s stock had a trading volume of 1,359,443 shares, compared to its average volume of 1,125,261. VanEck IG Floating Rate ETF has a 1-year low of $25.35 and a 1-year high of $25.61. The firm’s 50-day simple moving average is $25.55 and its 200-day simple moving average is $25.53.

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.