VanEck IG Floating Rate ETF $FLTR Holdings Cut by Elevatus Welath Management

Elevatus Welath Management cut its position in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 395,881 shares of the company’s stock after selling 42,112 shares during the quarter. VanEck IG Floating Rate ETF makes up 2.8% of Elevatus Welath Management’s investment portfolio, making the stock its 9th largest position. Elevatus Welath Management owned about 0.40% of VanEck IG Floating Rate ETF worth $10,087,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. acquired a new stake in VanEck IG Floating Rate ETF during the first quarter worth approximately $1,969,000. JPMorgan Chase & Co. grew its stake in VanEck IG Floating Rate ETF by 53.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 52,140 shares of the company’s stock worth $1,330,000 after acquiring an additional 18,103 shares during the period. J.W. Cole Advisors Inc. acquired a new position in VanEck IG Floating Rate ETF in the 2nd quarter valued at $215,000. Northwestern Mutual Wealth Management Co. raised its holdings in VanEck IG Floating Rate ETF by 146.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 52,297 shares of the company’s stock valued at $1,334,000 after acquiring an additional 31,068 shares during the last quarter. Finally, JT Stratford LLC purchased a new position in shares of VanEck IG Floating Rate ETF during the 2nd quarter worth $402,000.

VanEck IG Floating Rate ETF Stock Performance

FLTR stock opened at $25.44 on Friday. VanEck IG Floating Rate ETF has a 52-week low of $24.59 and a 52-week high of $25.59. The stock’s fifty day simple moving average is $25.52 and its 200-day simple moving average is $25.51.

VanEck IG Floating Rate ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.086 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.1%.

About VanEck IG 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.