MGB Wealth Management LLC Trims Stake in VanEck Floating Rate ETF (NYSEARCA:FLTR)

MGB Wealth Management LLC lessened its position in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,660 shares of the company’s stock after selling 593 shares during the quarter. MGB Wealth Management LLC’s holdings in VanEck Floating Rate ETF were worth $195,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Strategic Financial Concepts LLC boosted its stake in VanEck Floating Rate ETF by 3,267.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 11,667,315 shares of the company’s stock worth $296,933,000 after acquiring an additional 11,320,822 shares in the last quarter. Ocean Park Asset Management LLC purchased a new position in shares of VanEck Floating Rate ETF during the fourth quarter valued at approximately $14,932,000. Twelve Points Wealth Management LLC bought a new stake in shares of VanEck Floating Rate ETF in the 4th quarter worth approximately $11,504,000. Flagship Harbor Advisors LLC purchased a new stake in shares of VanEck Floating Rate ETF in the 3rd quarter worth approximately $7,772,000. Finally, Parsons Capital Management Inc. RI bought a new position in VanEck Floating Rate ETF during the 4th quarter valued at approximately $6,467,000.

VanEck Floating Rate ETF Price Performance

VanEck Floating Rate ETF stock opened at $25.49 on Thursday. VanEck Floating Rate ETF has a 12 month low of $25.00 and a 12 month high of $25.56. The business’s fifty day simple moving average is $25.49 and its two-hundred day simple moving average is $25.45.

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.