Bank of Montreal Can Sells 61,900 Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR)

Bank of Montreal Can lessened its position in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 76.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,000 shares of the company’s stock after selling 61,900 shares during the quarter. Bank of Montreal Can’s holdings in VanEck Floating Rate ETF were worth $484,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FLTR. PFG Investments LLC boosted its stake in VanEck Floating Rate ETF by 7.8% during the 4th quarter. PFG Investments LLC now owns 10,508 shares of the company’s stock valued at $267,000 after purchasing an additional 759 shares during the period. Kovack Advisors Inc. grew its stake in shares of VanEck Floating Rate ETF by 0.6% in the fourth quarter. Kovack Advisors Inc. now owns 132,517 shares of the company’s stock worth $3,373,000 after acquiring an additional 780 shares during the last quarter. Boyce & Associates Wealth Consulting Inc. increased its position in VanEck Floating Rate ETF by 7.9% during the fourth quarter. Boyce & Associates Wealth Consulting Inc. now owns 11,177 shares of the company’s stock worth $284,000 after acquiring an additional 818 shares during the period. IFP Advisors Inc raised its stake in VanEck Floating Rate ETF by 56.2% during the 4th quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock valued at $70,000 after purchasing an additional 983 shares during the last quarter. Finally, Principal Securities Inc. boosted its holdings in VanEck Floating Rate ETF by 29.4% in the 4th quarter. Principal Securities Inc. now owns 5,082 shares of the company’s stock valued at $129,000 after purchasing an additional 1,155 shares during the period.

VanEck Floating Rate ETF Stock Performance

NYSEARCA:FLTR opened at $25.29 on Tuesday. VanEck Floating Rate ETF has a 52-week low of $24.59 and a 52-week high of $25.58. The firm’s 50-day moving average is $25.42 and its 200-day moving average is $25.46.

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.