Thrivent Financial for Lutherans Makes New Investment in BondBloxx Private Credit CLO ETF $PCMM

Thrivent Financial for Lutherans bought a new position in BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 66,200 shares of the company’s stock, valued at approximately $3,318,000.

Other institutional investors have also added to or reduced their stakes in the company. Sentinel Pension Advisors LLC bought a new position in BondBloxx Private Credit CLO ETF in the 4th quarter worth about $239,000. Avaii Wealth Management LLC increased its stake in BondBloxx Private Credit CLO ETF by 18.1% in the 4th quarter. Avaii Wealth Management LLC now owns 5,206 shares of the company’s stock worth $261,000 after acquiring an additional 798 shares during the last quarter. United Advisor Group LLC bought a new position in BondBloxx Private Credit CLO ETF in the 4th quarter worth about $282,000. Heck Capital Advisors LLC increased its stake in BondBloxx Private Credit CLO ETF by 9.9% in the 4th quarter. Heck Capital Advisors LLC now owns 5,912 shares of the company’s stock worth $297,000 after acquiring an additional 535 shares during the last quarter. Finally, Brucke Financial Inc. bought a new position in BondBloxx Private Credit CLO ETF in the 3rd quarter worth about $339,000.

BondBloxx Private Credit CLO ETF Stock Performance

Shares of NASDAQ PCMM opened at $49.68 on Friday. The stock’s 50-day simple moving average is $49.49 and its two-hundred day simple moving average is $49.94. BondBloxx Private Credit CLO ETF has a twelve month low of $48.86 and a twelve month high of $51.72.

BondBloxx Private Credit CLO ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a $0.2791 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Friday, May 1st. This is an increase from BondBloxx Private Credit CLO ETF’s previous monthly dividend of $0.23.

BondBloxx Private Credit CLO ETF Profile

The BondBloxx Private Credit CLO ETF (PCMM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that seeks capital preservation and current income. The fund invests in a pool of loans to private, middle market companies PCMM was launched on Dec 2, 2024 and is issued by BondBloxx.