Renaissance Technologies LLC Boosts Stock Position in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Renaissance Technologies LLC increased its stake in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 61.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,542,400 shares of the company’s stock after buying an additional 588,300 shares during the quarter. Renaissance Technologies LLC owned about 2.54% of VanEck Floating Rate ETF worth $39,347,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLTR. Strategic Financial Concepts LLC purchased a new position in shares of VanEck Floating Rate ETF during the 2nd quarter worth $158,758,000. LPL Financial LLC raised its stake in VanEck Floating Rate ETF by 36.4% during the second quarter. LPL Financial LLC now owns 2,141,838 shares of the company’s stock worth $54,638,000 after purchasing an additional 571,178 shares during the period. Envestnet Asset Management Inc. raised its stake in VanEck Floating Rate ETF by 108.7% during the second quarter. Envestnet Asset Management Inc. now owns 949,370 shares of the company’s stock worth $24,218,000 after purchasing an additional 494,368 shares during the period. Avalon Capital Management acquired a new position in VanEck Floating Rate ETF in the 1st quarter valued at about $9,271,000. Finally, Family Firm Inc. grew its stake in shares of VanEck Floating Rate ETF by 126.1% in the 2nd quarter. Family Firm Inc. now owns 647,004 shares of the company’s stock valued at $16,505,000 after buying an additional 360,867 shares during the period.

VanEck Floating Rate ETF Price Performance

FLTR stock opened at $25.42 on Thursday. VanEck Floating Rate ETF has a one year low of $25.00 and a one year high of $25.52. The firm’s 50 day moving average price is $25.40 and its 200-day moving average price is $25.42.

VanEck 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.