Royal Fund Management LLC Sells 9,362 Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR)

Royal Fund Management LLC lessened its stake in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 40.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,858 shares of the company’s stock after selling 9,362 shares during the quarter. Royal Fund Management LLC’s holdings in VanEck Floating Rate ETF were worth $353,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Goldstone Financial Group LLC bought a new stake in VanEck Floating Rate ETF during the 3rd quarter worth $202,000. CHB Investment Group LLC bought a new stake in shares of VanEck Floating Rate ETF during the third quarter worth about $229,000. PFG Investments LLC acquired a new position in shares of VanEck Floating Rate ETF in the third quarter valued at approximately $248,000. First Heartland Consultants Inc. bought a new position in VanEck Floating Rate ETF in the 3rd quarter valued at approximately $265,000. Finally, Boyce & Associates Wealth Consulting Inc. boosted its position in VanEck Floating Rate ETF by 7.9% during the 4th quarter. Boyce & Associates Wealth Consulting Inc. now owns 11,177 shares of the company’s stock worth $284,000 after buying an additional 818 shares during the period.

VanEck Floating Rate ETF Price Performance

FLTR opened at $25.51 on Wednesday. The company’s 50 day moving average price is $25.48 and its two-hundred day moving average price is $25.44. VanEck Floating Rate ETF has a fifty-two week low of $25.00 and a fifty-two week high of $25.54.

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.