VanEck Floating Rate ETF (NYSEARCA:FLTR) Sees Large Volume Increase – What’s Next?

Shares of VanEck Floating Rate ETF (NYSEARCA:FLTRGet Free Report) saw an uptick in trading volume on Thursday . 1,186,365 shares were traded during mid-day trading, an increase of 68% from the previous session’s volume of 704,233 shares.The stock last traded at $25.43 and had previously closed at $25.45.

VanEck Floating Rate ETF Price Performance

The stock’s fifty day simple moving average is $25.47 and its two-hundred day simple moving average is $25.44.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FLTR. Van ECK Associates Corp lifted its holdings in shares of VanEck Floating Rate ETF by 294.7% in the second quarter. Van ECK Associates Corp now owns 1,042 shares of the company’s stock valued at $27,000 after purchasing an additional 778 shares in the last quarter. Goldstone Financial Group LLC purchased a new stake in VanEck Floating Rate ETF in the 3rd quarter worth about $202,000. CHB Investment Group LLC acquired a new stake in VanEck Floating Rate ETF during the 3rd quarter worth about $229,000. PFG Investments LLC purchased a new position in VanEck Floating Rate ETF during the 3rd quarter valued at about $248,000. Finally, First Heartland Consultants Inc. purchased a new stake in shares of VanEck Floating Rate ETF in the third quarter worth approximately $265,000.

VanEck Floating Rate ETF Company Profile

(Get Free Report)

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.

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