VanEck CLO ETF $CLOI Shares Purchased by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC boosted its position in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 11.3% in the second quarter, HoldingsChannel.com reports. The fund owned 400,699 shares of the company’s stock after purchasing an additional 40,627 shares during the period. VanEck CLO ETF accounts for 0.8% of Sax Wealth Advisors LLC’s holdings, making the stock its 25th largest position. Sax Wealth Advisors LLC’s holdings in VanEck CLO ETF were worth $21,117,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp acquired a new stake in shares of VanEck CLO ETF during the first quarter worth about $32,000. Wells Fargo & Company MN purchased a new stake in VanEck CLO ETF during the 4th quarter worth approximately $37,000. NBC Securities Inc. purchased a new stake in VanEck CLO ETF during the 4th quarter worth approximately $61,000. Capital Investment Advisory Services LLC acquired a new stake in VanEck CLO ETF during the 4th quarter worth approximately $68,000. Finally, Sound Income Strategies LLC purchased a new position in VanEck CLO ETF in the 4th quarter valued at approximately $100,000.

VanEck CLO ETF Stock Performance

NYSEARCA:CLOI opened at $52.84 on Friday. The company has a fifty day simple moving average of $52.85 and a two-hundred day simple moving average of $52.79. VanEck CLO ETF has a 52 week low of $52.36 and a 52 week high of $53.15.

VanEck CLO ETF 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.