Independent Advisor Alliance Purchases New Holdings in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Independent Advisor Alliance purchased a new position in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,544 shares of the company’s stock, valued at approximately $701,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. raised its stake in VanEck Floating Rate ETF by 5.3% in the third quarter. Oppenheimer & Co. Inc. now owns 24,706 shares of the company’s stock valued at $629,000 after purchasing an additional 1,250 shares in the last quarter. Concord Asset Management LLC VA raised its position in shares of VanEck Floating Rate ETF by 6.1% in the 3rd quarter. Concord Asset Management LLC VA now owns 737,942 shares of the company’s stock valued at $18,795,000 after buying an additional 42,408 shares in the last quarter. Sugar Maple Asset Management LLC bought a new stake in shares of VanEck Floating Rate ETF during the 3rd quarter worth approximately $474,000. Tidemark LLC lifted its holdings in shares of VanEck Floating Rate ETF by 2.5% during the 3rd quarter. Tidemark LLC now owns 109,084 shares of the company’s stock worth $2,778,000 after acquiring an additional 2,702 shares during the period. Finally, Running Point Capital Advisors LLC increased its stake in VanEck Floating Rate ETF by 12.9% in the third quarter. Running Point Capital Advisors LLC now owns 16,748 shares of the company’s stock valued at $427,000 after acquiring an additional 1,913 shares during the last quarter.

VanEck Floating Rate ETF Stock Performance

NYSEARCA FLTR opened at $25.51 on Monday. The business has a fifty day moving average price of $25.51 and a two-hundred day moving average price of $25.47. VanEck Floating Rate ETF has a fifty-two week low of $25.00 and a fifty-two week high of $25.58.

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.