Sovran Advisors LLC Sells 78,226 Shares of VanEck IG Floating Rate ETF $FLTR

Sovran Advisors LLC cut its holdings in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 39.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 122,404 shares of the company’s stock after selling 78,226 shares during the quarter. Sovran Advisors LLC owned 0.12% of VanEck IG Floating Rate ETF worth $3,123,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Benjamin Edwards Inc. raised its stake in VanEck IG Floating Rate ETF by 4.8% during the third quarter. Benjamin Edwards Inc. now owns 10,884 shares of the company’s stock valued at $278,000 after purchasing an additional 498 shares in the last quarter. Silvia Mccoll Wealth Management LLC grew its stake in shares of VanEck IG Floating Rate ETF by 2.3% in the 4th quarter. Silvia Mccoll Wealth Management LLC now owns 31,686 shares of the company’s stock worth $807,000 after buying an additional 718 shares in the last quarter. MGB Wealth Management LLC increased its holdings in shares of VanEck IG Floating Rate ETF by 9.2% in the 3rd quarter. MGB Wealth Management LLC now owns 8,682 shares of the company’s stock worth $222,000 after buying an additional 735 shares during the last quarter. JT Stratford LLC increased its holdings in shares of VanEck IG Floating Rate ETF by 4.8% in the 3rd quarter. JT Stratford LLC now owns 16,509 shares of the company’s stock worth $422,000 after buying an additional 759 shares during the last quarter. Finally, Acorn Wealth Advisors LLC raised its position in shares of VanEck IG Floating Rate ETF by 8.2% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 11,195 shares of the company’s stock valued at $286,000 after buying an additional 853 shares in the last quarter.

VanEck IG Floating Rate ETF Price Performance

Shares of NYSEARCA:FLTR opened at $25.38 on Friday. VanEck IG Floating Rate ETF has a 12 month low of $24.59 and a 12 month high of $25.59. The company has a 50-day moving average price of $25.51 and a 200 day moving average price of $25.51.

VanEck IG Floating Rate ETF Cuts Dividend

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

VanEck IG 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.