VanEck Floating Rate ETF (NYSEARCA:FLTR) Sees Large Volume Increase – Should You Buy?

VanEck Floating Rate ETF (NYSEARCA:FLTR) shares saw unusually-strong trading volume on Thursday . Approximately 1,186,365 shares were traded during mid-day trading, an increase of 68% from the previous session’s volume of 704,233 shares.The stock last traded at $25.43 and had previously closed at $25.45.

VanEck Floating Rate ETF Price Performance

The stock has a 50 day moving average price of $25.47 and a two-hundred day moving average price of $25.44.

Hedge Funds Weigh In On VanEck Floating Rate ETF

Several large investors have recently made changes to their positions in FLTR. Commonwealth Equity Services LLC lifted its holdings in VanEck Floating Rate ETF by 2.2% in the second quarter. Commonwealth Equity Services LLC now owns 84,098 shares of the company’s stock valued at $2,145,000 after buying an additional 1,812 shares during the period. Van ECK Associates Corp grew its position in shares of 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 worth $27,000 after buying an additional 778 shares during the period. Deseret Mutual Benefit Administrators increased its stake in VanEck Floating Rate ETF by 18.3% in the second quarter. Deseret Mutual Benefit Administrators now owns 557,508 shares of the company’s stock valued at $14,222,000 after purchasing an additional 86,227 shares in the last quarter. Atlas Financial Advisors Inc. raised its holdings in VanEck Floating Rate ETF by 59.3% in the second quarter. Atlas Financial Advisors Inc. now owns 41,782 shares of the company’s stock worth $1,066,000 after purchasing an additional 15,557 shares during the period. Finally, Advisor OS LLC boosted its position in shares of VanEck Floating Rate ETF by 2.2% during the second quarter. Advisor OS LLC now owns 644,439 shares of the company’s stock worth $16,440,000 after purchasing an additional 13,667 shares in the last quarter.

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.