Arete Wealth Advisors LLC Has $20.70 Million Stock Position in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Arete Wealth Advisors LLC lifted its position in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 25.9% in the third quarter, Holdings Channel reports. The institutional investor owned 812,947 shares of the company’s stock after acquiring an additional 167,475 shares during the period. VanEck Floating Rate ETF makes up about 1.7% of Arete Wealth Advisors LLC’s portfolio, making the stock its 8th largest position. Arete Wealth Advisors LLC’s holdings in VanEck Floating Rate ETF were worth $20,699,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of FLTR. Van ECK Associates Corp grew its holdings in shares of VanEck Floating Rate ETF by 294.7% during the second quarter. Van ECK Associates Corp now owns 1,042 shares of the company’s stock worth $27,000 after purchasing an additional 778 shares during the last quarter. Harbour Investments Inc. boosted its holdings in VanEck Floating Rate ETF by 8.0% in the second quarter. Harbour Investments Inc. now owns 6,633 shares of the company’s stock valued at $169,000 after acquiring an additional 494 shares during the last quarter. Goldstone Financial Group LLC bought a new stake in VanEck Floating Rate ETF in the third quarter valued at approximately $202,000. CHB Investment Group LLC bought a new stake in VanEck Floating Rate ETF in the third quarter valued at approximately $229,000. Finally, PFG Investments LLC bought a new stake in VanEck Floating Rate ETF in the third quarter valued at approximately $248,000.

VanEck Floating Rate ETF Stock Performance

Shares of FLTR stock opened at $25.52 on Friday. The business’s 50 day simple moving average is $25.45 and its 200 day simple moving average is $25.43. VanEck Floating Rate ETF has a one year low of $25.00 and a one year high of $25.53.

About VanEck Floating Rate ETF

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.