AlphaStar Capital Management LLC Buys 45,617 Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR)

AlphaStar Capital Management LLC lifted its stake in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 40.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 157,527 shares of the company’s stock after buying an additional 45,617 shares during the period. AlphaStar Capital Management LLC’s holdings in VanEck Floating Rate ETF were worth $4,009,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Goldstone Financial Group LLC bought a new stake in shares of VanEck Floating Rate ETF in the third quarter valued at about $202,000. CHB Investment Group LLC bought a new stake in shares of VanEck Floating Rate ETF in the third quarter valued at about $229,000. PFG Investments LLC bought a new stake in shares of VanEck Floating Rate ETF in the third quarter valued at about $248,000. First Heartland Consultants Inc. bought a new stake in shares of VanEck Floating Rate ETF in the third quarter valued at about $265,000. Finally, Greater Midwest Financial Group LLC bought a new stake in shares of VanEck Floating Rate ETF in the fourth quarter valued at about $281,000.

VanEck Floating Rate ETF Stock Performance

Shares of FLTR opened at $25.49 on Friday. VanEck Floating Rate ETF has a 12 month low of $25.00 and a 12 month high of $25.56. The company has a 50-day moving average price of $25.48 and a two-hundred day moving average price of $25.45.

VanEck Floating Rate ETF 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.