Madden Advisory Services Inc. Sells 16,203 Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR)

Madden Advisory Services Inc. cut its stake in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 12.4% during the 3rd quarter, Holdings Channel reports. The fund owned 114,470 shares of the company’s stock after selling 16,203 shares during the period. VanEck Floating Rate ETF comprises approximately 1.3% of Madden Advisory Services Inc.’s investment portfolio, making the stock its 24th largest position. Madden Advisory Services Inc.’s holdings in VanEck Floating Rate ETF were worth $2,916,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Van ECK Associates Corp raised its holdings in shares of VanEck Floating Rate ETF by 294.7% during the second quarter. Van ECK Associates Corp now owns 1,042 shares of the company’s stock valued at $27,000 after purchasing an additional 778 shares during the period. Harbour Investments Inc. increased its position in VanEck Floating Rate ETF by 8.0% in the 2nd quarter. Harbour Investments Inc. now owns 6,633 shares of the company’s stock valued at $169,000 after buying an additional 494 shares in the last quarter. Goldstone Financial Group LLC acquired a new position in VanEck Floating Rate ETF during the 3rd quarter worth approximately $202,000. Moller Wealth Partners bought a new position in VanEck Floating Rate ETF in the second quarter worth approximately $204,000. Finally, CHB Investment Group LLC acquired a new stake in VanEck Floating Rate ETF in the third quarter valued at approximately $229,000.

VanEck Floating Rate ETF Stock Performance

NYSEARCA FLTR opened at $25.40 on Tuesday. VanEck Floating Rate ETF has a 52 week low of $25.00 and a 52 week high of $25.52. The business has a 50 day moving average price of $25.42 and a 200-day moving average price of $25.43.

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.