Transform Wealth LLC purchased a new stake in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 467,309 shares of the company’s stock, valued at approximately $11,940,000.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Andrew Hill Investment Advisors Inc. grew its position in VanEck IG Floating Rate ETF by 3.3% during the first quarter. Andrew Hill Investment Advisors Inc. now owns 16,855 shares of the company’s stock valued at $431,000 after acquiring an additional 531 shares during the period. IHT Wealth Management LLC boosted its position in shares of VanEck IG Floating Rate ETF by 3.0% in the fourth quarter. IHT Wealth Management LLC now owns 26,388 shares of the company’s stock worth $672,000 after buying an additional 759 shares during the period. Kovack Advisors Inc. boosted its position in shares of VanEck IG Floating Rate ETF by 0.6% in the fourth quarter. Kovack Advisors Inc. now owns 132,517 shares of the company’s stock worth $3,373,000 after buying an additional 780 shares during the period. Destiny Wealth Partners LLC boosted its position in shares of VanEck IG Floating Rate ETF by 1.2% in the first quarter. Destiny Wealth Partners LLC now owns 80,608 shares of the company’s stock worth $2,060,000 after buying an additional 942 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of VanEck IG Floating Rate ETF by 56.2% in the fourth quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock worth $70,000 after buying an additional 983 shares during the period.
VanEck IG Floating Rate ETF Stock Up 0.1%
Shares of NYSEARCA FLTR opened at $25.43 on Wednesday. VanEck IG Floating Rate ETF has a 1-year low of $24.59 and a 1-year high of $25.58. The business has a 50-day moving average of $25.33 and a 200-day moving average of $25.44.
About VanEck IG Floating Rate ETF
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.
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