Envestnet Asset Management Inc. Has $10.52 Million Stock Holdings in VanEck IG Floating Rate ETF $FLTR

Envestnet Asset Management Inc. boosted its stake in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 24.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,424 shares of the company’s stock after acquiring an additional 82,055 shares during the quarter. Envestnet Asset Management Inc. owned 0.41% of VanEck IG Floating Rate ETF worth $10,520,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Spire Wealth Management increased its stake in shares of VanEck IG Floating Rate ETF by 1,058.0% in the second quarter. Spire Wealth Management now owns 1,297 shares of the company’s stock valued at $33,000 after buying an additional 1,185 shares in the last quarter. Tsfg LLC acquired a new stake in VanEck IG Floating Rate ETF in the 3rd quarter valued at about $39,000. Bogart Wealth LLC raised its stake in shares of VanEck IG Floating Rate ETF by 48.3% in the second quarter. Bogart Wealth LLC now owns 1,749 shares of the company’s stock worth $45,000 after acquiring an additional 570 shares during the last quarter. CWM LLC lifted its position in shares of VanEck IG Floating Rate ETF by 554.3% during the third quarter. CWM LLC now owns 1,819 shares of the company’s stock worth $47,000 after purchasing an additional 1,541 shares in the last quarter. Finally, Sheets Smith Wealth Management acquired a new position in shares of VanEck IG Floating Rate ETF during the third quarter worth approximately $205,000.

VanEck IG Floating Rate ETF Trading Up 0.0%

Shares of FLTR opened at $25.56 on Thursday. The business’s fifty day moving average price is $25.52 and its two-hundred day moving average price is $25.51. VanEck IG Floating Rate ETF has a 52 week low of $24.59 and a 52 week high of $25.59.

VanEck IG Floating Rate ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a $0.0947 dividend. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, February 2nd.

VanEck IG Floating Rate ETF Company 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.