Deseret Mutual Benefit Administrators Has $8.61 Million Stock Position in VanEck IG Floating Rate ETF $FLTR

Deseret Mutual Benefit Administrators decreased its holdings in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) by 35.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 337,995 shares of the company’s stock after selling 188,804 shares during the quarter. VanEck IG Floating Rate ETF accounts for approximately 3.7% of Deseret Mutual Benefit Administrators’ holdings, making the stock its 4th largest position. Deseret Mutual Benefit Administrators owned approximately 0.34% of VanEck IG Floating Rate ETF worth $8,612,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of VanEck IG Floating Rate ETF by 24.9% in the third quarter. Envestnet Asset Management Inc. now owns 411,424 shares of the company’s stock worth $10,520,000 after purchasing an additional 82,055 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in VanEck IG Floating Rate ETF by 80.8% during the third quarter. Jones Financial Companies Lllp now owns 116,290 shares of the company’s stock valued at $2,972,000 after buying an additional 51,984 shares in the last quarter. Parsons Capital Management Inc. RI boosted its stake in VanEck IG Floating Rate ETF by 12.4% during the fourth quarter. Parsons Capital Management Inc. RI now owns 469,311 shares of the company’s stock valued at $11,958,000 after buying an additional 51,736 shares in the last quarter. Fusion Capital LLC boosted its stake in VanEck IG Floating Rate ETF by 25.9% during the third quarter. Fusion Capital LLC now owns 1,363,002 shares of the company’s stock valued at $34,825,000 after buying an additional 280,560 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC boosted its stake in VanEck IG Floating Rate ETF by 55.3% during the third quarter. Prevail Innovative Wealth Advisors LLC now owns 62,460 shares of the company’s stock valued at $1,597,000 after buying an additional 22,245 shares in the last quarter.

VanEck IG Floating Rate ETF Stock Up 0.0%

Shares of FLTR stock opened at $25.51 on Friday. The stock has a 50-day simple moving average of $25.49 and a 200 day simple moving average of $25.50. VanEck IG Floating Rate ETF has a fifty-two week low of $25.34 and a fifty-two week high of $25.59.

VanEck IG 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.