Ocean Park Asset Management LLC Takes $14.93 Million Position in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Ocean Park Asset Management LLC acquired a new position in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) in the 4th quarter, Holdings Channel reports. The fund acquired 586,700 shares of the company’s stock, valued at approximately $14,932,000.

A number of other hedge funds have also modified their holdings of FLTR. Savvy Advisors Inc. boosted its position in VanEck Floating Rate ETF by 3.4% during the 3rd quarter. Savvy Advisors Inc. now owns 16,729 shares of the company’s stock worth $426,000 after acquiring an additional 544 shares during the last quarter. IHT Wealth Management LLC lifted its position in shares of VanEck Floating Rate ETF by 2.4% in the third quarter. IHT Wealth Management LLC now owns 25,629 shares of the company’s stock worth $653,000 after purchasing an additional 589 shares in the last quarter. PFG Investments LLC boosted its holdings in VanEck Floating Rate ETF by 7.8% during the fourth quarter. PFG Investments LLC now owns 10,508 shares of the company’s stock worth $267,000 after purchasing an additional 759 shares during the last quarter. Boyce & Associates Wealth Consulting Inc. grew its position in VanEck Floating Rate ETF by 7.9% in the fourth quarter. Boyce & Associates Wealth Consulting Inc. now owns 11,177 shares of the company’s stock valued at $284,000 after purchasing an additional 818 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in VanEck Floating Rate ETF by 5.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 24,706 shares of the company’s stock valued at $629,000 after buying an additional 1,250 shares during the last quarter.

VanEck Floating Rate ETF Stock Performance

VanEck Floating Rate ETF stock opened at $25.48 on Tuesday. The firm has a 50-day moving average of $25.48 and a 200-day moving average of $25.45. VanEck Floating Rate ETF has a one year low of $25.00 and a one year high of $25.56.

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.