Sun Sep 15 11:46:54 UTC 2024: ## LPL Financial Increases Stake in VanEck Floating Rate ETF
**New York, NY** – LPL Financial LLC significantly increased its holdings in the VanEck Floating Rate ETF (NYSEARCA:FLTR) during the second quarter of 2024, according to a recent SEC filing. The firm’s investment now totals over $54.6 million, representing a 36.4% boost from the previous quarter.
LPL Financial purchased an additional 571,178 shares, bringing its total ownership to 2,141,838 shares. This translates to approximately 3.53% of the ETF’s outstanding shares.
Several other institutional investors have also adjusted their positions in FLTR. Strategic Financial Concepts LLC made a new investment in the ETF, acquiring shares worth around $158.75 million. Meanwhile, Edmonds Duncan Registered Investment Advisors LLC, KFA Private Wealth Group LLC, and Concord Wealth Partners all increased their holdings in the first quarter of 2024.
The VanEck Investment Grade Floating Rate ETF (FLTR) primarily invests in investment-grade fixed income, specifically U.S. dollar-denominated, investment-grade floating-rate notes issued by corporations. Launched in April 2011, the ETF is managed by VanEck.
FLTR opened at $25.40 on Friday, with its 50-day and 200-day moving averages both hovering around $25.40. The ETF’s 52-week low is $25.00, and its 52-week high is $25.52.
Investors interested in further insights into institutional holdings of FLTR can visit HoldingsChannel.com for the latest 13F filings and insider trades.
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