VanEck IG Floating Rate ETF $FLTR Shares Sold by Elevatus Welath Management

Elevatus Welath Management reduced its stake in shares of VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 395,881 shares of the company’s stock after selling 42,112 shares during the period. VanEck IG Floating Rate ETF accounts for about 2.8% of Elevatus Welath Management’s investment portfolio, making the stock its 9th largest position. Elevatus Welath Management’s holdings in VanEck IG Floating Rate ETF were worth $10,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Ameritas Advisory Services LLC acquired a new position in VanEck IG Floating Rate ETF during the third quarter worth approximately $38,000. Tsfg LLC acquired a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at $39,000. Family Management Corp purchased a new stake in shares of VanEck IG Floating Rate ETF during the 3rd quarter valued at $45,000. CWM LLC grew its stake in shares of VanEck IG Floating Rate ETF by 554.3% during the 3rd quarter. CWM LLC now owns 1,819 shares of the company’s stock valued at $47,000 after buying an additional 1,541 shares during the period. Finally, Caitlin John LLC acquired a new stake in shares of VanEck IG Floating Rate ETF during the 3rd quarter worth $87,000.

VanEck IG Floating Rate ETF Stock Down 0.1%

Shares of FLTR opened at $25.44 on Friday. The stock’s fifty day simple moving average is $25.52 and its 200 day simple moving average is $25.51. VanEck IG Floating Rate ETF has a twelve month low of $24.59 and a twelve month high of $25.59.

VanEck IG Floating Rate ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.086 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.1%.

About VanEck IG 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.