Envestnet Asset Management Inc. Raises Position in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Envestnet Asset Management Inc. raised its stake in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 108.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 949,370 shares of the company’s stock after purchasing an additional 494,368 shares during the quarter. Envestnet Asset Management Inc.’s holdings in VanEck Floating Rate ETF were worth $24,218,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westover Capital Advisors LLC purchased a new stake in shares of VanEck Floating Rate ETF during the second quarter valued at approximately $6,649,000. Stonebridge Financial Planning Group LLC increased its position in shares of VanEck Floating Rate ETF by 9.6% during the second quarter. Stonebridge Financial Planning Group LLC now owns 11,633 shares of the company’s stock valued at $297,000 after acquiring an additional 1,020 shares during the last quarter. Montis Financial LLC increased its position in shares of VanEck Floating Rate ETF by 24.2% during the second quarter. Montis Financial LLC now owns 89,197 shares of the company’s stock valued at $2,275,000 after acquiring an additional 17,397 shares during the last quarter. LPL Financial LLC increased its position in shares of VanEck Floating Rate ETF by 36.4% during the second quarter. LPL Financial LLC now owns 2,141,838 shares of the company’s stock valued at $54,638,000 after acquiring an additional 571,178 shares during the last quarter. Finally, Anson Capital Inc. increased its position in shares of VanEck Floating Rate ETF by 180.0% during the second quarter. Anson Capital Inc. now owns 202,853 shares of the company’s stock valued at $5,175,000 after acquiring an additional 130,402 shares during the last quarter.

VanEck Floating Rate ETF Price Performance

NYSEARCA:FLTR opened at $25.44 on Monday. The business has a fifty day simple moving average of $25.40 and a two-hundred day simple moving average of $25.43. VanEck Floating Rate ETF has a 1 year low of $25.00 and a 1 year high of $25.52.

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.