VanEck Floating Rate ETF (NYSEARCA:FLTR) Sees Large Volume Increase – Should You Buy?

VanEck Floating Rate ETF (NYSEARCA:FLTR) shares saw unusually-strong trading volume on Friday . Approximately 2,167,043 shares were traded during mid-day trading, an increase of 145% from the previous session’s volume of 883,632 shares.The stock last traded at $25.21 and had previously closed at $25.39.

VanEck Floating Rate ETF Trading Down 1.7 %

The business has a 50-day simple moving average of $25.50 and a 200-day simple moving average of $25.48.

Institutional Investors Weigh In On VanEck Floating Rate ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its position in shares of VanEck Floating Rate ETF by 56.2% in the fourth 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. Principal Securities Inc. boosted its holdings in VanEck Floating Rate ETF by 29.4% in the 4th quarter. Principal Securities Inc. now owns 5,082 shares of the company’s stock worth $129,000 after buying an additional 1,155 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in VanEck Floating Rate ETF during the 4th quarter worth approximately $201,000. Scotia Capital Inc. acquired a new position in shares of VanEck Floating Rate ETF during the fourth quarter valued at approximately $213,000. Finally, SageOak Financial LLC purchased a new position in shares of VanEck Floating Rate ETF in the fourth quarter valued at approximately $218,000.

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.