Raymond James Financial Inc. Buys Shares of 1,008,199 VanEck Floating Rate ETF (NYSEARCA:FLTR)

Raymond James Financial Inc. acquired a new position in VanEck Floating Rate ETF (NYSEARCA:FLTR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,008,199 shares of the company’s stock, valued at approximately $25,659,000. Raymond James Financial Inc. owned 1.66% of VanEck Floating Rate ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc grew its position in shares of VanEck Floating Rate ETF by 56.2% in the fourth quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock valued at $70,000 after purchasing an additional 983 shares during the last quarter. Principal Securities Inc. boosted its stake 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 purchasing an additional 1,155 shares in the last quarter. SageOak Financial LLC bought a new stake in VanEck Floating Rate ETF during the fourth quarter worth about $218,000. Sanctuary Advisors LLC bought a new stake in VanEck Floating Rate ETF during the 4th quarter worth approximately $248,000. Finally, PFG Investments LLC increased its stake in shares of VanEck Floating Rate ETF by 7.8% in the fourth quarter. PFG Investments LLC now owns 10,508 shares of the company’s stock valued at $267,000 after buying an additional 759 shares in the last quarter.

VanEck Floating Rate ETF Stock Performance

VanEck Floating Rate ETF stock opened at $25.32 on Friday. VanEck Floating Rate ETF has a 1 year low of $24.59 and a 1 year high of $25.58. The company’s 50-day moving average is $25.43 and its two-hundred day moving average is $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.