Blue Trust Inc. Decreases Stock Holdings in VanEck IG Floating Rate ETF $FLTR

Blue Trust Inc. lowered its stake in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 49.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 36,697 shares of the company’s stock after selling 35,666 shares during the period. Blue Trust Inc.’s holdings in VanEck IG Floating Rate ETF were worth $935,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its position in VanEck IG Floating Rate ETF by 24.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 411,424 shares of the company’s stock worth $10,520,000 after purchasing an additional 82,055 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of VanEck IG Floating Rate ETF by 20.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 215,487 shares of the company’s stock valued at $5,495,000 after buying an additional 35,967 shares during the period. Centurion Wealth Management LLC purchased a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter worth $511,000. Independent Wealth Network Inc. bought a new stake in shares of VanEck IG Floating Rate ETF in the third quarter worth $503,000. Finally, Twelve Points Wealth Management LLC grew its holdings in shares of VanEck IG Floating Rate ETF by 11.9% in the third quarter. Twelve Points Wealth Management LLC now owns 564,220 shares of the company’s stock worth $14,427,000 after acquiring an additional 59,798 shares during the period.

VanEck IG Floating Rate ETF Stock Performance

VanEck IG Floating Rate ETF stock opened at $25.38 on Friday. VanEck IG Floating Rate ETF has a one year low of $24.59 and a one year high of $25.59. The stock has a fifty day moving average of $25.51 and a 200 day moving average of $25.51.

VanEck IG Floating Rate ETF Cuts Dividend

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

VanEck IG 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.