Raymond James Financial Services Advisors Inc. Grows Holdings in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Raymond James Financial Services Advisors Inc. lifted its holdings in VanEck Floating Rate ETF (NYSEARCA:FLTR – Get Rating) by 138.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 158,627 shares of the company’s stock after acquiring an additional 92,207 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.36% of VanEck Floating Rate ETF worth $3,947,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FLTR. First Horizon Advisors Inc. bought a new stake in shares of VanEck Floating Rate ETF in the 3rd quarter worth approximately $27,000. Y.D. More Investments Ltd bought a new stake in shares of VanEck Floating Rate ETF in the 4th quarter worth approximately $27,000. U.S. Capital Wealth Advisors LLC bought a new stake in shares of VanEck Floating Rate ETF in the 4th quarter worth approximately $50,000. EP Wealth Advisors LLC bought a new stake in shares of VanEck Floating Rate ETF in the 1st quarter worth approximately $100,000. Finally, Private Trust Co. NA bought a new stake in shares of VanEck Floating Rate ETF in the 4th quarter worth approximately $104,000.

VanEck Floating Rate ETF Stock Performance

Shares of FLTR opened at $25.05 on Friday. VanEck Floating Rate ETF has a fifty-two week low of $24.32 and a fifty-two week high of $25.33. The firm has a 50 day moving average price of $24.95 and a 200-day moving average price of $24.98.

About VanEck Floating Rate ETF

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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.