VanEck Floating Rate ETF (NYSEARCA:FLTR) Hits New 52-Week High – Here’s What Happened

VanEck Floating Rate ETF (NYSEARCA:FLTR)’s share price 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 trading hands. The stock had previously closed at $25.52.

VanEck Floating Rate ETF Price Performance

The stock has a 50 day moving average price of $25.49 and a two-hundred day moving average price of $25.44.

Hedge Funds Weigh In On VanEck Floating Rate ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. raised its position in shares of VanEck Floating Rate ETF by 29.4% in the 4th quarter. Principal Securities Inc. now owns 5,082 shares of the company’s stock valued at $129,000 after acquiring an additional 1,155 shares during the period. Goldstone Financial Group LLC acquired a new stake in VanEck Floating Rate ETF in the third quarter worth $202,000. CHB Investment Group LLC bought a new position in shares of VanEck Floating Rate ETF during the third quarter worth $229,000. PFG Investments LLC acquired a new position in shares of VanEck Floating Rate ETF in the 3rd quarter valued at $248,000. Finally, First Heartland Consultants Inc. bought a new stake in shares of VanEck Floating Rate ETF in the 3rd quarter valued at $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.