PNC Financial Services Group Inc. Trims Stock Position in VanEck Floating Rate ETF (NYSEARCA:FLTR)

PNC Financial Services Group Inc. cut its holdings in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 63.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,170 shares of the company’s stock after selling 2,014 shares during the quarter. PNC Financial Services Group Inc.’s holdings in VanEck Floating Rate ETF were worth $30,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Strategic Financial Concepts LLC lifted its holdings in shares of VanEck Floating Rate ETF by 3,267.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 11,667,315 shares of the company’s stock worth $296,933,000 after acquiring an additional 11,320,822 shares during the period. Raymond James Financial Inc. purchased a new position in VanEck Floating Rate ETF during the fourth quarter worth approximately $25,659,000. Ocean Park Asset Management LLC purchased a new stake in shares of VanEck Floating Rate ETF during the 4th quarter valued at $14,932,000. Twelve Points Wealth Management LLC purchased a new position in shares of VanEck Floating Rate ETF in the 4th quarter worth $11,504,000. Finally, Fusion Capital LLC grew its position in VanEck Floating Rate ETF by 537.2% during the fourth quarter. Fusion Capital LLC now owns 477,625 shares of the company’s stock valued at $12,156,000 after acquiring an additional 402,670 shares during the period.

VanEck Floating Rate ETF Stock Performance

NYSEARCA FLTR opened at $25.53 on Friday. VanEck Floating Rate ETF has a one year low of $25.00 and a one year high of $25.58. The company’s 50 day moving average price is $25.52 and its 200 day moving average price is $25.48.

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.