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

Raymond James Financial Services Advisors Inc. increased its holdings in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,431 shares of the company’s stock after purchasing an additional 4,959 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in VanEck Floating Rate ETF were worth $967,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Pinnacle Wealth Planning Services Inc. grew its position in shares of VanEck Floating Rate ETF by 5.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 3,811,707 shares of the company’s stock valued at $96,398,000 after purchasing an additional 193,311 shares during the period. Jane Street Group LLC grew its position in VanEck Floating Rate ETF by 70.0% during the first quarter. Jane Street Group LLC now owns 3,550,827 shares of the company’s stock valued at $88,664,000 after acquiring an additional 1,461,888 shares during the period. Edmonds Duncan Registered Investment Advisors LLC grew its position in VanEck Floating Rate ETF by 38.6% during the third quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 1,828,059 shares of the company’s stock valued at $46,232,000 after acquiring an additional 508,819 shares during the period. Morgan Stanley grew its position in VanEck Floating Rate ETF by 24.8% during the third quarter. Morgan Stanley now owns 1,435,838 shares of the company’s stock valued at $36,312,000 after acquiring an additional 284,884 shares during the period. Finally, Capital Advantage Inc. grew its position in VanEck Floating Rate ETF by 4.2% during the third quarter. Capital Advantage Inc. now owns 1,006,641 shares of the company’s stock valued at $25,458,000 after acquiring an additional 40,501 shares during the period.

VanEck Floating Rate ETF Price Performance

FLTR stock opened at $25.43 on Monday. The stock has a 50-day moving average price of $25.40 and a two-hundred day moving average price of $25.27. VanEck Floating Rate ETF has a 12-month low of $24.85 and a 12-month high of $25.51.

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.