Trademark Financial Management LLC trimmed its holdings in shares of VanEck CLO ETF (NYSEARCA:CLOI – Free Report) by 15.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 77,766 shares of the company’s stock after selling 13,880 shares during the period. VanEck CLO ETF accounts for approximately 2.0% of Trademark Financial Management LLC’s holdings, making the stock its 15th largest holding. Trademark Financial Management LLC’s holdings in VanEck CLO ETF were worth $4,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CLOI. Pinebridge Investments LLC acquired a new stake in VanEck CLO ETF in the 4th quarter valued at $31,530,000. LPL Financial LLC increased its holdings in VanEck CLO ETF by 26.1% in the 4th quarter. LPL Financial LLC now owns 2,027,584 shares of the company’s stock worth $107,077,000 after acquiring an additional 419,749 shares in the last quarter. Independence Asset Advisors LLC raised its position 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 worth $98,203,000 after acquiring an additional 273,532 shares during the period. Axxcess Wealth Management LLC acquired a new position in VanEck CLO ETF during the fourth quarter worth $13,582,000. Finally, Darwin Wealth Management LLC purchased a new position in VanEck CLO ETF during the second quarter valued at $13,048,000.
VanEck CLO ETF Trading Up 0.0%
Shares of NYSEARCA CLOI opened at $52.78 on Friday. The company’s 50-day simple moving average is $52.85 and its 200-day simple moving average is $52.80. 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.
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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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