VanEck Floating Rate ETF (NYSEARCA:FLTR) Sees Unusually-High Trading Volume

Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR – Get Rating) saw strong trading volume on Friday . 682,581 shares traded hands during mid-day trading, an increase of 1% from the previous session’s volume of 675,760 shares.The stock last traded at $24.79 and had previously closed at $24.77.

VanEck Floating Rate ETF Stock Up 0.1 %

The business has a fifty day moving average price of $25.14 and a 200 day moving average price of $24.96.

Institutional Trading of VanEck Floating Rate ETF

Several institutional investors and hedge funds have recently bought and sold shares of FLTR. First Horizon Advisors Inc. acquired a new position in VanEck Floating Rate ETF during the third quarter worth approximately $27,000. Y.D. More Investments Ltd acquired a new position in VanEck Floating Rate ETF during the fourth quarter worth approximately $27,000. U.S. Capital Wealth Advisors LLC acquired a new position in VanEck Floating Rate ETF during the fourth quarter worth approximately $50,000. EverSource Wealth Advisors LLC increased its position in VanEck Floating Rate ETF by 62.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,226 shares of the company’s stock worth $80,000 after buying an additional 1,244 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in VanEck Floating Rate ETF during the first quarter worth approximately $100,000.

About VanEck Floating Rate ETF

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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.