Sugar Maple Asset Management LLC Acquires New Shares in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Sugar Maple Asset Management LLC bought a new position in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) during the 3rd quarter, Holdings Channel.com reports. The firm bought 18,616 shares of the company’s stock, valued at approximately $474,000.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in shares of VanEck Floating Rate ETF by 18,220.1% during the 1st quarter. BNP Paribas Financial Markets now owns 25,465 shares of the company’s stock worth $650,000 after acquiring an additional 25,326 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in VanEck Floating Rate ETF by 5.2% during the first quarter. Janney Montgomery Scott LLC now owns 24,955 shares of the company’s stock worth $637,000 after purchasing an additional 1,227 shares during the period. Park Avenue Securities LLC acquired a new position in VanEck Floating Rate ETF during the second quarter valued at approximately $1,091,000. Raymond James & Associates raised its position in shares of VanEck Floating Rate ETF by 11.1% in the third quarter. Raymond James & Associates now owns 263,795 shares of the company’s stock valued at $6,719,000 after purchasing an additional 26,364 shares during the period. Finally, MGO One Seven LLC lifted its stake in shares of VanEck Floating Rate ETF by 14.4% in the second quarter. MGO One Seven LLC now owns 93,182 shares of the company’s stock worth $2,377,000 after buying an additional 11,753 shares during the last quarter.

VanEck Floating Rate ETF Trading Up 0.0 %

NYSEARCA:FLTR opened at $25.46 on Friday. VanEck Floating Rate ETF has a 1 year low of $25.00 and a 1 year high of $25.52. The firm’s fifty day simple moving average is $25.43 and its 200 day simple moving average is $25.43.

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.