Strategic Financial Concepts LLC Makes New $158.76 Million Investment in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Strategic Financial Concepts LLC bought a new stake in VanEck Floating Rate ETF (NYSEARCA:FLTR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,223,357 shares of the company’s stock, valued at approximately $158,758,000. VanEck Floating Rate ETF comprises 0.7% of Strategic Financial Concepts LLC’s holdings, making the stock its 21st biggest holding. Strategic Financial Concepts LLC owned approximately 10.24% of VanEck Floating Rate ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp raised its stake in VanEck Floating Rate ETF by 294.7% during the 2nd quarter. Van ECK Associates Corp now owns 1,042 shares of the company’s stock valued at $27,000 after acquiring an additional 778 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of VanEck Floating Rate ETF during the fourth quarter valued at about $43,000. Principal Securities Inc. acquired a new stake in VanEck Floating Rate ETF in the fourth quarter worth about $64,000. NBC Securities Inc. grew its position in VanEck Floating Rate ETF by 35.0% in the 4th quarter. NBC Securities Inc. now owns 3,565 shares of the company’s stock valued at $89,000 after buying an additional 925 shares in the last quarter. Finally, CENTRAL TRUST Co bought a new stake in shares of VanEck Floating Rate ETF during the 1st quarter worth about $103,000.

VanEck Floating Rate ETF Stock Up 0.1 %

Shares of NYSEARCA:FLTR opened at $25.35 on Friday. The company has a 50 day moving average of $25.40 and a 200-day moving average of $25.43. VanEck Floating Rate ETF has a twelve month low of $25.00 and a twelve month high of $25.52.

VanEck Floating Rate ETF 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.