Northwest Wealth Management LLC Lowers Stake in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Northwest Wealth Management LLC reduced its position in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,716 shares of the company’s stock after selling 1,526 shares during the quarter. Northwest Wealth Management LLC’s holdings in VanEck Floating Rate ETF were worth $629,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FLTR. IFP Advisors Inc raised its position in shares of VanEck Floating Rate ETF by 56.2% during the 4th quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock worth $70,000 after purchasing an additional 983 shares during the last quarter. Principal Securities Inc. raised its position in shares of VanEck Floating Rate ETF by 29.4% during the 4th quarter. Principal Securities Inc. now owns 5,082 shares of the company’s stock worth $129,000 after purchasing an additional 1,155 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of VanEck Floating Rate ETF during the 4th quarter worth about $248,000. First Heartland Consultants Inc. acquired a new position in shares of VanEck Floating Rate ETF during the 3rd quarter worth about $265,000. Finally, PFG Investments LLC raised its position in shares of VanEck Floating Rate ETF by 7.8% during the 4th quarter. PFG Investments LLC now owns 10,508 shares of the company’s stock worth $267,000 after purchasing an additional 759 shares during the last quarter.

VanEck Floating Rate ETF Stock Performance

FLTR opened at $25.49 on Friday. VanEck Floating Rate ETF has a twelve month low of $25.00 and a twelve month high of $25.58. The company has a 50-day moving average price of $25.51 and a 200 day moving average price of $25.47.

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.