Western Wealth Management LLC raised its stake in shares of VanEck CLO ETF (NYSEARCA:CLOI – Free Report) by 84.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 61,476 shares of the company’s stock after purchasing an additional 28,172 shares during the quarter. Western Wealth Management LLC’s holdings in VanEck CLO ETF were worth $3,240,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of CLOI. Pinebridge Investments LLC acquired a new stake in shares of VanEck CLO ETF in the 4th quarter valued at approximately $31,530,000. LPL Financial LLC grew its holdings in VanEck CLO ETF by 26.1% during the fourth quarter. LPL Financial LLC now owns 2,027,584 shares of the company’s stock valued at $107,077,000 after purchasing an additional 419,749 shares during the period. Independence Asset Advisors LLC grew its holdings in VanEck CLO ETF by 17.2% during the first quarter. Independence Asset Advisors LLC now owns 1,863,451 shares of the company’s stock valued at $98,203,000 after purchasing an additional 273,532 shares during the period. Axxcess Wealth Management LLC bought a new stake in VanEck CLO ETF in the fourth quarter valued at approximately $13,582,000. Finally, Darwin Wealth Management LLC bought a new stake in VanEck CLO ETF in the second quarter valued at approximately $13,048,000.
VanEck CLO ETF Trading Down 0.1%
CLOI opened at $52.99 on Friday. The firm’s fifty day moving average is $52.87 and its two-hundred day moving average is $52.79. VanEck CLO ETF has a twelve month low of $52.36 and a twelve month high of $53.15.
VanEck CLO ETF Company Profile
The VanEck CLO ETF (CLOI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest in collateralized loan obligations (CLOs) of any maturity. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency. CLOI was launched on Jun 21, 2022 and is managed by VanEck.
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Want to see what other hedge funds are holding CLOI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck CLO ETF (NYSEARCA:CLOI – Free Report).
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