Pointe Capital Management LLC Sells 599 Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR)

Pointe Capital Management LLC reduced its holdings in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,595 shares of the company’s stock after selling 599 shares during the quarter. Pointe Capital Management LLC owned 0.06% of VanEck Floating Rate ETF worth $855,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FLTR. Strategic Financial Concepts LLC grew its stake in shares of VanEck Floating Rate ETF by 3,267.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 11,667,315 shares of the company’s stock worth $296,933,000 after buying an additional 11,320,822 shares during the last quarter. Ocean Park Asset Management LLC acquired a new stake in shares of VanEck Floating Rate ETF during the 4th quarter valued at $14,932,000. Twelve Points Wealth Management LLC bought a new stake in VanEck Floating Rate ETF during the 4th quarter worth $11,504,000. WealthShield Partners LLC increased its holdings in VanEck Floating Rate ETF by 558.5% in the 4th quarter. WealthShield Partners LLC now owns 379,237 shares of the company’s stock worth $9,652,000 after purchasing an additional 321,649 shares in the last quarter. Finally, Parsons Capital Management Inc. RI bought a new position in VanEck Floating Rate ETF in the fourth quarter valued at about $6,467,000.

VanEck Floating Rate ETF Price Performance

Shares of FLTR stock opened at $25.57 on Wednesday. The business’s 50-day moving average price is $25.50 and its 200-day moving average price is $25.46. VanEck Floating Rate ETF has a 12 month low of $25.00 and a 12 month high of $25.58.

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.