Entrust Financial LLC Buys 59,052 Shares of VanEck IG Floating Rate ETF $FLTR

Entrust Financial LLC purchased a new stake in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 59,052 shares of the company’s stock, valued at approximately $1,511,000. VanEck IG Floating Rate ETF comprises 0.7% of Entrust Financial LLC’s holdings, making the stock its 28th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FLTR. Oppenheimer & Co. Inc. purchased a new stake in shares of VanEck IG Floating Rate ETF during the third quarter worth about $2,088,000. WealthPLAN Partners LLC bought a new stake in shares of VanEck IG Floating Rate ETF in the third quarter worth about $1,180,000. Vima LLC bought a new stake in shares of VanEck IG Floating Rate ETF in the third quarter worth about $1,295,000. Optivise Advisory Services LLC bought a new stake in shares of VanEck IG Floating Rate ETF in the third quarter worth about $1,257,000. Finally, Howard Wealth Management LLC purchased a new position in VanEck IG Floating Rate ETF during the 3rd quarter valued at about $2,763,000.

VanEck IG Floating Rate ETF Stock Performance

Shares of NYSEARCA:FLTR opened at $25.47 on Monday. VanEck IG Floating Rate ETF has a 1 year low of $25.35 and a 1 year high of $25.61. The stock’s 50-day moving average is $25.55 and its 200 day moving average is $25.53.

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.