Kovack Advisors Inc. Sells 838 Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR)

Kovack Advisors Inc. reduced its holdings in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 0.6% in the fourth quarter, HoldingsChannel reports. The firm owned 133,938 shares of the company’s stock after selling 838 shares during the period. Kovack Advisors Inc.’s holdings in VanEck Floating Rate ETF were worth $3,369,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. grew its stake in VanEck Floating Rate ETF by 5.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 3,811,707 shares of the company’s stock valued at $96,398,000 after acquiring an additional 193,311 shares during the period. Capital Advantage Inc. grew its stake in VanEck Floating Rate ETF by 0.8% in the fourth quarter. Capital Advantage Inc. now owns 1,015,085 shares of the company’s stock valued at $25,529,000 after acquiring an additional 8,444 shares during the period. LPL Financial LLC grew its stake in VanEck Floating Rate ETF by 20.8% in the third quarter. LPL Financial LLC now owns 973,822 shares of the company’s stock valued at $24,628,000 after acquiring an additional 167,606 shares during the period. Insight Wealth Strategies LLC grew its stake in VanEck Floating Rate ETF by 13.0% in the fourth quarter. Insight Wealth Strategies LLC now owns 879,389 shares of the company’s stock valued at $22,117,000 after acquiring an additional 101,174 shares during the period. Finally, KFA Private Wealth Group LLC grew its stake in VanEck Floating Rate ETF by 4.3% in the third quarter. KFA Private Wealth Group LLC now owns 877,565 shares of the company’s stock valued at $22,194,000 after acquiring an additional 36,231 shares during the period.

VanEck Floating Rate ETF Trading Up 0.1 %

VanEck Floating Rate ETF stock traded up $0.02 during mid-day trading on Friday, reaching $25.50. The stock had a trading volume of 933,035 shares, 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 stock’s 50-day simple moving average is $25.43 and its 200-day simple moving average is $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.