Laffer Tengler Investments Inc. Increases Stake in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Laffer Tengler Investments Inc. grew its position in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 13.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 57,317 shares of the company’s stock after purchasing an additional 6,643 shares during the quarter. Laffer Tengler Investments Inc.’s holdings in VanEck Floating Rate ETF were worth $1,459,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FLTR. Fusion Capital LLC lifted its holdings in shares of VanEck Floating Rate ETF by 537.2% during the 4th quarter. Fusion Capital LLC now owns 477,625 shares of the company’s stock valued at $12,156,000 after buying an additional 402,670 shares during the period. Oppenheimer & Co. Inc. increased its position in VanEck Floating Rate ETF by 43.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 35,322 shares of the company’s stock valued at $899,000 after acquiring an additional 10,616 shares during the last quarter. Kovack Advisors Inc. lifted its holdings in VanEck Floating Rate ETF by 0.6% in the fourth quarter. Kovack Advisors Inc. now owns 132,517 shares of the company’s stock valued at $3,373,000 after acquiring an additional 780 shares during the period. Avalon Capital Management purchased a new position in VanEck Floating Rate ETF in the fourth quarter worth about $2,516,000. Finally, IFP Advisors Inc grew its stake in shares of VanEck Floating Rate ETF by 56.2% during the 4th quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock valued at $70,000 after purchasing an additional 983 shares during the period.

VanEck Floating Rate ETF Stock Down 0.0 %

Shares of FLTR stock opened at $25.47 on Wednesday. VanEck Floating Rate ETF has a 12 month low of $25.00 and a 12 month high of $25.58. The company has a 50 day simple moving average of $25.50 and a two-hundred day simple moving average of $25.46.

About VanEck Floating Rate ETF

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.