Madden Advisory Services Inc. Sells 442 Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR)

Madden Advisory Services Inc. reduced its position in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,028 shares of the company’s stock after selling 442 shares during the period. VanEck Floating Rate ETF accounts for about 1.3% of Madden Advisory Services Inc.’s portfolio, making the stock its 24th largest position. Madden Advisory Services Inc. owned approximately 0.19% of VanEck Floating Rate ETF worth $2,902,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Financial Concepts LLC raised its stake in VanEck Floating Rate ETF by 3,267.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 11,667,315 shares of the company’s stock valued at $296,933,000 after buying an additional 11,320,822 shares during the last quarter. LPL Financial LLC raised its position in shares of VanEck Floating Rate ETF by 33.6% in the 4th quarter. LPL Financial LLC now owns 3,074,762 shares of the company’s stock valued at $78,253,000 after purchasing an additional 772,961 shares during the last quarter. Wells Fargo & Company MN boosted its stake in VanEck Floating Rate ETF by 8.5% in the 4th quarter. Wells Fargo & Company MN now owns 3,035,743 shares of the company’s stock worth $77,260,000 after purchasing an additional 238,666 shares in the last quarter. Renaissance Technologies LLC grew its position in VanEck Floating Rate ETF by 31.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,847,800 shares of the company’s stock worth $47,027,000 after purchasing an additional 445,800 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in VanEck Floating Rate ETF during the 4th quarter valued at approximately $25,659,000.

VanEck Floating Rate ETF Price Performance

Shares of FLTR stock opened at $25.09 on Monday. VanEck Floating Rate ETF has a 52-week low of $24.59 and a 52-week high of $25.58. The business has a 50-day simple moving average of $25.45 and a 200-day simple moving average of $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.