Concurrent Investment Advisors LLC Acquires New Position in VanEck CLO ETF $CLOI

Concurrent Investment Advisors LLC bought a new position in VanEck CLO ETF (NYSEARCA:CLOI) during the second quarter, Holdings Channel.com reports. The institutional investor bought 24,738 shares of the company’s stock, valued at approximately $1,310,000.

Other institutional investors have also bought and sold shares of the company. LPL Financial LLC increased its holdings in shares of VanEck CLO ETF by 26.1% in 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 last quarter. Independence Asset Advisors LLC grew its holdings in VanEck CLO ETF by 17.2% in the 1st quarter. Independence Asset Advisors LLC now owns 1,863,451 shares of the company’s stock valued at $98,203,000 after buying an additional 273,532 shares in the last quarter. Pinebridge Investments LLC acquired a new stake in shares of VanEck CLO ETF in the 4th quarter worth $31,530,000. Sax Wealth Advisors LLC increased its stake in shares of VanEck CLO ETF by 11.3% in the 2nd quarter. Sax Wealth Advisors LLC now owns 400,699 shares of the company’s stock worth $21,117,000 after acquiring an additional 40,627 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of VanEck CLO ETF by 2.1% during the 4th quarter. HighTower Advisors LLC now owns 321,035 shares of the company’s stock worth $16,954,000 after acquiring an additional 6,703 shares during the period.

VanEck CLO ETF Price Performance

Shares of CLOI stock opened at $52.86 on Friday. VanEck CLO ETF has a twelve month low of $52.36 and a twelve month high of $53.15. The company’s 50-day moving average price is $52.86 and its 200-day moving average price is $52.78.

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.