Kovack Advisors Inc. Has $3.37 Million Stock Position in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Kovack Advisors Inc. decreased its stake in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,938 shares of the company’s stock after selling 838 shares during the period. Kovack Advisors Inc. owned approximately 0.31% of VanEck Floating Rate ETF worth $3,369,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FLTR. IFP Advisors Inc acquired a new stake in shares of VanEck Floating Rate ETF in the third quarter worth $30,000. Family Firm Inc. boosted its stake in VanEck Floating Rate ETF by 1.2% during the third quarter. Family Firm Inc. now owns 282,205 shares of the company’s stock worth $7,137,000 after buying an additional 3,312 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in VanEck Floating Rate ETF by 16.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 132,764 shares of the company’s stock worth $3,358,000 after buying an additional 18,754 shares in the last quarter. Raymond James & Associates boosted its stake in VanEck Floating Rate ETF by 105.5% during the third quarter. Raymond James & Associates now owns 149,983 shares of the company’s stock worth $3,793,000 after buying an additional 77,000 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in VanEck Floating Rate ETF during the third quarter worth $213,000.

VanEck Floating Rate ETF Stock Up 0.1 %

FLTR traded up $0.02 during trading on Friday, reaching $25.50. 933,035 shares of the company’s stock were exchanged, compared to its average volume of 507,956. VanEck Floating Rate ETF has a fifty-two week low of $24.93 and a fifty-two week high of $25.51. The business has a 50 day moving average price of $25.43 and a 200 day moving average price of $25.29.

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.