Parsons Capital Management Inc. RI Acquires Shares of 254,121 VanEck Floating Rate ETF (NYSEARCA:FLTR)

Parsons Capital Management Inc. RI purchased a new stake in VanEck Floating Rate ETF (NYSEARCA:FLTR) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 254,121 shares of the company’s stock, valued at approximately $6,467,000. Parsons Capital Management Inc. RI owned about 0.42% of VanEck Floating Rate ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FLTR. Flagship Harbor Advisors LLC acquired a new stake in shares of VanEck Floating Rate ETF during the 3rd quarter worth approximately $7,772,000. Arete Wealth Advisors LLC increased its position in VanEck Floating Rate ETF by 25.9% in the third quarter. Arete Wealth Advisors LLC now owns 812,947 shares of the company’s stock worth $20,699,000 after buying an additional 167,475 shares during the period. Jane Street Group LLC lifted its stake in VanEck Floating Rate ETF by 579.0% in the third quarter. Jane Street Group LLC now owns 177,566 shares of the company’s stock valued at $4,523,000 after buying an additional 151,416 shares during the last quarter. White Pine Investment CO boosted its holdings in shares of VanEck Floating Rate ETF by 61.9% during the fourth quarter. White Pine Investment CO now owns 346,952 shares of the company’s stock valued at $8,830,000 after acquiring an additional 132,680 shares during the period. Finally, Deseret Mutual Benefit Administrators grew its position in shares of VanEck Floating Rate ETF by 20.6% during the third quarter. Deseret Mutual Benefit Administrators now owns 672,337 shares of the company’s stock worth $17,124,000 after acquiring an additional 114,829 shares during the last quarter.

VanEck Floating Rate ETF Trading Up 0.1 %

Shares of NYSEARCA:FLTR opened at $25.53 on Monday. The company’s 50-day moving average price is $25.48 and its 200 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.

VanEck Floating Rate ETF 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.