1,708,837 Shares in VanEck IG Floating Rate ETF $FLTR Bought by Fusion Capital LLC

Fusion Capital LLC acquired a new position in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,708,837 shares of the company’s stock, valued at approximately $43,729,000. VanEck IG Floating Rate ETF comprises approximately 9.6% of Fusion Capital LLC’s portfolio, making the stock its largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of VanEck IG Floating Rate ETF during the 3rd quarter valued at about $78,831,000. Kensington Asset Management LLC grew its holdings in shares of VanEck IG Floating Rate ETF by 15.4% in the first quarter. Kensington Asset Management LLC now owns 2,989,379 shares of the company’s stock valued at $76,169,000 after acquiring an additional 399,928 shares in the last quarter. Bank of America Corp DE grew its stake in VanEck IG Floating Rate ETF by 7.9% in the 1st quarter. Bank of America Corp DE now owns 1,694,850 shares of the company’s stock valued at $43,185,000 after purchasing an additional 123,390 shares during the period. Insight Wealth Strategies LLC purchased a new stake in shares of VanEck IG Floating Rate ETF during the 3rd quarter valued at $29,143,000. Finally, Demars Financial Group LLC bought a new stake in shares of VanEck IG Floating Rate ETF during the 3rd quarter worth $18,350,000.

VanEck IG Floating Rate ETF Stock Performance

FLTR opened at $25.57 on Friday. The firm has a 50-day moving average of $25.56 and a 200 day moving average of $25.53. VanEck IG Floating Rate ETF has a fifty-two week low of $25.35 and a fifty-two week high of $25.61.

VanEck IG 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.