Deutsche Bank AG Decreases Position in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Deutsche Bank AG trimmed its holdings in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 13.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,858 shares of the company’s stock after selling 13,140 shares during the quarter. Deutsche Bank AG owned about 0.14% of VanEck Floating Rate ETF worth $2,185,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its position in shares of VanEck Floating Rate ETF by 56.2% during the fourth quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock worth $70,000 after purchasing an additional 983 shares in the last quarter. Principal Securities Inc. grew its stake in VanEck Floating Rate ETF by 29.4% during the 4th quarter. Principal Securities Inc. now owns 5,082 shares of the company’s stock worth $129,000 after buying an additional 1,155 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in VanEck Floating Rate ETF during the fourth quarter worth approximately $201,000. Scotia Capital Inc. purchased a new stake in VanEck Floating Rate ETF in the fourth quarter valued at approximately $213,000. Finally, SageOak Financial LLC purchased a new stake in VanEck Floating Rate ETF in the fourth quarter valued at approximately $218,000.

VanEck Floating Rate ETF Price Performance

FLTR stock opened at $25.43 on Friday. The business has a 50 day simple moving average of $25.35 and a 200-day simple moving average of $25.44. VanEck Floating Rate ETF has a twelve month low of $24.59 and a twelve month high of $25.58.

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.