Koshinski Asset Management Inc. Sells 47,575 Shares of VanEck CLO ETF $CLOI

Koshinski Asset Management Inc. lessened its stake in VanEck CLO ETF (NYSEARCA:CLOI) by 46.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,208 shares of the company’s stock after selling 47,575 shares during the quarter. Koshinski Asset Management Inc. owned 0.22% of VanEck CLO ETF worth $2,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in shares of VanEck CLO ETF by 44.9% during the first quarter. Private Advisor Group LLC now owns 44,063 shares of the company’s stock valued at $2,322,000 after purchasing an additional 13,645 shares in the last quarter. Elevation Point Wealth Partners LLC boosted its holdings in shares of VanEck CLO ETF by 13.5% in the first quarter. Elevation Point Wealth Partners LLC now owns 31,136 shares of the company’s stock worth $1,641,000 after buying an additional 3,714 shares during the last quarter. Impact Partnership Wealth LLC grew its position in shares of VanEck CLO ETF by 21.9% during the 1st quarter. Impact Partnership Wealth LLC now owns 37,083 shares of the company’s stock valued at $1,954,000 after acquiring an additional 6,668 shares during the period. BXM Wealth LLC bought a new stake in VanEck CLO ETF during the first quarter valued at about $262,000. Finally, Independence Asset Advisors LLC grew its stake in shares of VanEck CLO ETF by 17.2% during the 1st quarter. Independence Asset Advisors LLC now owns 1,863,451 shares of the company’s stock valued at $98,203,000 after acquiring an additional 273,532 shares during the period.

VanEck CLO ETF Stock Performance

Shares of CLOI stock opened at $52.78 on Friday. The stock has a fifty day simple moving average of $52.85 and a two-hundred day simple moving average of $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.