Wells Fargo & Company MN Sells 50,723 Shares of VanEck Floating Rate ETF (NYSEARCA:FLTR)

Wells Fargo & Company MN trimmed its stake in VanEck Floating Rate ETF (NYSEARCA:FLTR) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,597,677 shares of the company’s stock after selling 50,723 shares during the quarter. Wells Fargo & Company MN owned approximately 6.04% of VanEck Floating Rate ETF worth $65,332,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FLTR. B. Riley Wealth Advisors Inc. boosted its stake in VanEck Floating Rate ETF by 0.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 45,691 shares of the company’s stock valued at $1,156,000 after purchasing an additional 423 shares during the period. IFG Advisory LLC boosted its stake in VanEck Floating Rate ETF by 1.7% in the 4th quarter. IFG Advisory LLC now owns 39,677 shares of the company’s stock valued at $998,000 after purchasing an additional 663 shares during the period. Private Trust Co. NA boosted its stake in VanEck Floating Rate ETF by 11.6% in the 4th quarter. Private Trust Co. NA now owns 6,510 shares of the company’s stock valued at $164,000 after purchasing an additional 677 shares during the period. Stratos Wealth Partners LTD. boosted its stake in VanEck Floating Rate ETF by 8.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 9,128 shares of the company’s stock valued at $230,000 after purchasing an additional 694 shares during the period. Finally, Valtinson Bruner Financial Planning LLC boosted its stake in VanEck Floating Rate ETF by 2.0% in the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 40,389 shares of the company’s stock valued at $1,016,000 after purchasing an additional 806 shares during the period.

VanEck Floating Rate ETF Stock Performance

FLTR traded up $0.02 during trading on Friday, hitting $25.50. The stock had a trading volume of 467,687 shares, compared to its average volume of 543,972. VanEck Floating Rate ETF has a one year low of $25.08 and a one year high of $25.52. The company has a 50 day moving average price of $25.44 and a 200-day moving average price of $25.32.

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.