VanEck Floating Rate ETF (NYSEARCA:FLTR) Stock Holdings Trimmed by Kovack Advisors Inc.

Kovack Advisors Inc. lowered its holdings in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 1.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,737 shares of the company’s stock after selling 2,201 shares during the period. Kovack Advisors Inc. owned approximately 0.31% of VanEck Floating Rate ETF worth $3,361,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FLTR. WealthPlan Investment Management LLC raised its stake in shares of VanEck Floating Rate ETF by 716,523.0% in the 3rd quarter. WealthPlan Investment Management LLC now owns 530,301 shares of the company’s stock worth $13,411,000 after buying an additional 530,227 shares in the last quarter. Avalon Capital Management purchased a new position in VanEck Floating Rate ETF in the first quarter valued at about $9,271,000. Systelligence LLC grew its stake in VanEck Floating Rate ETF by 23.5% in the fourth quarter. Systelligence LLC now owns 608,974 shares of the company’s stock valued at $15,316,000 after purchasing an additional 116,037 shares in the last quarter. Perigon Wealth Management LLC grew its stake in VanEck Floating Rate ETF by 372.6% in the fourth quarter. Perigon Wealth Management LLC now owns 131,924 shares of the company’s stock valued at $3,318,000 after purchasing an additional 104,008 shares in the last quarter. Finally, Insight Wealth Strategies LLC lifted its position in shares of VanEck Floating Rate ETF by 13.0% in the fourth quarter. Insight Wealth Strategies LLC now owns 879,389 shares of the company’s stock worth $22,117,000 after buying an additional 101,174 shares during the last quarter.

VanEck Floating Rate ETF Price Performance

Shares of NYSEARCA:FLTR traded up $0.01 on Thursday, reaching $25.39. The company had a trading volume of 389,812 shares, compared to its average volume of 549,341. VanEck Floating Rate ETF has a twelve month low of $25.08 and a twelve month high of $25.52. The stock has a 50-day moving average price of $25.45 and a 200 day moving average price of $25.38.

VanEck Floating Rate ETF Company 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.