Stifel Financial Corp Has $5.81 Million Stake in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Stifel Financial Corp grew its stake in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 16.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 228,073 shares of the company’s stock after buying an additional 32,240 shares during the period. Stifel Financial Corp’s holdings in VanEck Floating Rate ETF were worth $5,809,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of VanEck Floating Rate ETF in the second quarter worth $354,000. Envestnet Portfolio Solutions Inc. acquired a new position in VanEck Floating Rate ETF during the 2nd quarter worth $317,000. Raymond James & Associates boosted its holdings in VanEck Floating Rate ETF by 35.7% during the second quarter. Raymond James & Associates now owns 237,431 shares of the company’s stock valued at $6,057,000 after acquiring an additional 62,502 shares during the period. Western Wealth Management LLC grew its position in shares of VanEck Floating Rate ETF by 243.8% in the second quarter. Western Wealth Management LLC now owns 39,880 shares of the company’s stock valued at $1,017,000 after purchasing an additional 28,279 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new position in shares of VanEck Floating Rate ETF in the second quarter worth about $4,556,000.

VanEck Floating Rate ETF Stock Performance

Shares of NYSEARCA:FLTR opened at $25.48 on Friday. The business has a 50 day moving average price of $25.46 and a 200 day moving average price of $25.43. VanEck Floating Rate ETF has a twelve month low of $25.00 and a twelve month high of $25.53.

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.