Pointe Capital Management LLC Trims Position in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Pointe Capital Management LLC lessened its holdings in shares of VanEck Floating Rate ETF (NYSEARCA:FLTR) by 5.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,194 shares of the company’s stock after selling 2,050 shares during the quarter. Pointe Capital Management LLC owned approximately 0.06% of VanEck Floating Rate ETF worth $871,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Harbour Investments Inc. raised its position in shares of VanEck Floating Rate ETF by 8.0% in the 2nd quarter. Harbour Investments Inc. now owns 6,633 shares of the company’s stock worth $169,000 after buying an additional 494 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of VanEck Floating Rate ETF by 1.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 45,691 shares of the company’s stock worth $1,156,000 after buying an additional 649 shares during the period. Van ECK Associates Corp raised its position in shares of VanEck Floating Rate ETF by 294.7% in 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. Valley Wealth Managers Inc. raised its position in shares of VanEck Floating Rate ETF by 2.5% in the 1st quarter. Valley Wealth Managers Inc. now owns 37,018 shares of the company’s stock worth $944,000 after buying an additional 908 shares during the period. Finally, Stonebridge Financial Planning Group LLC raised its position in shares of VanEck Floating Rate ETF by 9.6% in the 2nd quarter. Stonebridge Financial Planning Group LLC now owns 11,633 shares of the company’s stock worth $297,000 after buying an additional 1,020 shares during the period.

VanEck Floating Rate ETF Trading Up 0.1 %

Shares of FLTR traded up $0.02 during trading hours on Friday, hitting $25.49. The stock had a trading volume of 1,394,280 shares, compared to its average volume of 658,524. VanEck Floating Rate ETF has a 12-month low of $25.00 and a 12-month high of $25.52. The company’s fifty day simple moving average is $25.42 and its 200 day simple moving average is $25.43.

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.