VanEck Floating Rate ETF (NYSEARCA:FLTR) is Pinnacle Wealth Planning Services Inc.’s 2nd Largest Position

Pinnacle Wealth Planning Services Inc. lowered its position in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,857,832 shares of the company’s stock after selling 125,869 shares during the quarter. VanEck Floating Rate ETF makes up approximately 2.2% of Pinnacle Wealth Planning Services Inc.’s portfolio, making the stock its 2nd biggest position. Pinnacle Wealth Planning Services Inc. owned approximately 6.35% of VanEck Floating Rate ETF worth $98,182,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of VanEck Floating Rate ETF during the fourth quarter worth approximately $25,659,000. NewSquare Capital LLC raised its stake in shares of VanEck Floating Rate ETF by 4.3% during the fourth quarter. NewSquare Capital LLC now owns 38,055 shares of the company’s stock worth $968,000 after purchasing an additional 1,578 shares during the last quarter. Laffer Tengler Investments Inc. raised its stake in shares of VanEck Floating Rate ETF by 13.1% during the fourth quarter. Laffer Tengler Investments Inc. now owns 57,317 shares of the company’s stock worth $1,459,000 after purchasing an additional 6,643 shares during the last quarter. Fusion Capital LLC raised its position in VanEck Floating Rate ETF by 537.2% in the fourth quarter. Fusion Capital LLC now owns 477,625 shares of the company’s stock worth $12,156,000 after acquiring an additional 402,670 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in VanEck Floating Rate ETF by 43.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 35,322 shares of the company’s stock worth $899,000 after acquiring an additional 10,616 shares in the last quarter.

VanEck Floating Rate ETF Trading Up 0.0 %

NYSEARCA:FLTR opened at $25.48 on Thursday. The stock has a fifty day moving average price of $25.50 and a two-hundred day moving average price of $25.46. VanEck Floating Rate ETF has a 1 year low of $25.00 and a 1 year high of $25.58.

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.