VanEck Floating Rate ETF (NYSEARCA:FLTR) Reaches New 1-Year Low – Should You Sell?

VanEck Floating Rate ETF (NYSEARCA:FLTR)’s stock price reached a new 52-week low during trading on Saturday . The company traded as low as $24.85 and last traded at $24.96, with a volume of 6111625 shares trading hands. The stock had previously closed at $25.39.

VanEck Floating Rate ETF Stock Performance

The company’s 50-day moving average price is $25.50 and its two-hundred day moving average price is $25.48.

Institutional Investors Weigh In On VanEck Floating Rate ETF

Several institutional investors and hedge funds have recently made changes to their positions in FLTR. IHT Wealth Management LLC lifted its position in shares of VanEck Floating Rate ETF by 2.4% during the 3rd quarter. IHT Wealth Management LLC now owns 25,629 shares of the company’s stock valued at $653,000 after acquiring an additional 589 shares during the period. Stifel Financial Corp increased its stake in VanEck Floating Rate ETF by 16.5% in the third quarter. Stifel Financial Corp now owns 228,073 shares of the company’s stock valued at $5,809,000 after purchasing an additional 32,240 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of VanEck Floating Rate ETF by 579.0% during the third quarter. Jane Street Group LLC now owns 177,566 shares of the company’s stock valued at $4,523,000 after purchasing an additional 151,416 shares during the period. EP Wealth Advisors LLC boosted its position in shares of VanEck Floating Rate ETF by 20.3% during the 3rd quarter. EP Wealth Advisors LLC now owns 33,025 shares of the company’s stock worth $841,000 after purchasing an additional 5,576 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in shares of VanEck Floating Rate ETF by 11.8% in the 3rd quarter. MML Investors Services LLC now owns 329,646 shares of the company’s stock valued at $8,396,000 after buying an additional 34,888 shares during the period.

About VanEck 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.