VanEck Floating Rate ETF (NYSEARCA:FLTR) Sets New 52-Week High – Time to Buy?

Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) hit a new 52-week high during trading on Tuesday . The stock traded as high as $25.54 and last traded at $25.54, with a volume of 396561 shares. The stock had previously closed at $25.52.

VanEck Floating Rate ETF Stock Down 0.0 %

The stock’s 50 day simple moving average is $25.49 and its two-hundred day simple moving average is $25.44.

Hedge Funds Weigh In On VanEck Floating Rate ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. lifted its holdings in shares of VanEck Floating Rate ETF by 29.4% in the fourth quarter. Principal Securities Inc. now owns 5,082 shares of the company’s stock valued at $129,000 after purchasing an additional 1,155 shares in the last quarter. Goldstone Financial Group LLC acquired a new stake in VanEck Floating Rate ETF in the 3rd quarter valued at approximately $202,000. CHB Investment Group LLC bought a new stake in VanEck Floating Rate ETF in the 3rd quarter valued at approximately $229,000. PFG Investments LLC acquired a new position in VanEck Floating Rate ETF during the 3rd quarter worth approximately $248,000. Finally, First Heartland Consultants Inc. bought a new position in shares of VanEck Floating Rate ETF during the 3rd quarter worth approximately $265,000.

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.