Pointe Capital Management LLC Has $855,000 Holdings in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Pointe Capital Management LLC trimmed its position in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 1.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 33,595 shares of the company’s stock after selling 599 shares during the period. Pointe Capital Management LLC’s holdings in VanEck Floating Rate ETF were worth $855,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FLTR. Strategic Financial Concepts LLC increased its stake in VanEck Floating Rate ETF by 3,267.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 11,667,315 shares of the company’s stock valued at $296,933,000 after purchasing an additional 11,320,822 shares in the last quarter. Arete Wealth Advisors LLC increased its position in shares of VanEck Floating Rate ETF by 25.9% during the third quarter. Arete Wealth Advisors LLC now owns 812,947 shares of the company’s stock worth $20,699,000 after acquiring an additional 167,475 shares in the last quarter. Concord Asset Management LLC VA raised its holdings in shares of VanEck Floating Rate ETF by 6.1% in the 3rd quarter. Concord Asset Management LLC VA now owns 737,942 shares of the company’s stock worth $18,795,000 after acquiring an additional 42,408 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in VanEck Floating Rate ETF by 4.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 704,119 shares of the company’s stock valued at $17,920,000 after acquiring an additional 31,782 shares in the last quarter. Finally, Ocean Park Asset Management LLC acquired a new position in VanEck Floating Rate ETF during the 4th quarter valued at about $14,932,000.

VanEck Floating Rate ETF Stock Performance

FLTR stock opened at $25.57 on Wednesday. VanEck Floating Rate ETF has a twelve month low of $25.00 and a twelve month high of $25.58. The stock’s 50 day moving average is $25.50 and its 200-day moving average is $25.46.

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.