BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Share Price Breaks Above 50-Day Moving Average – Should You Sell?

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) shares crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $49.89 and traded as high as $50.08. BondBloxx Private Credit CLO ETF shares last traded at $49.90, with a volume of 33,691 shares trading hands.

BondBloxx Private Credit CLO ETF Price Performance

The stock’s 50 day simple moving average is $49.89 and its 200-day simple moving average is $49.80.

Institutional Investors Weigh In On BondBloxx Private Credit CLO ETF

A number of large investors have recently added to or reduced their stakes in PCMM. Lido Advisors LLC bought a new stake in shares of BondBloxx Private Credit CLO ETF during the 3rd quarter worth $1,496,000. S&A Financial Services Inc. increased its stake in BondBloxx Private Credit CLO ETF by 12.2% during the third quarter. S&A Financial Services Inc. now owns 18,957 shares of the company’s stock valued at $948,000 after acquiring an additional 2,055 shares during the period. Compass Financial Management LLC increased its position in shares of BondBloxx Private Credit CLO ETF by 2.4% during the third quarter. Compass Financial Management LLC now owns 41,425 shares of the company’s stock valued at $2,073,000 after purchasing an additional 979 shares during the period. Partners Wealth Management LLC acquired a new position in shares of BondBloxx Private Credit CLO ETF in the 3rd quarter valued at $876,000. Finally, Balance Wealth Partners LLC raised its position in BondBloxx Private Credit CLO ETF by 2.1% in the third quarter. Balance Wealth Partners LLC now owns 61,370 shares of the company’s stock worth $3,070,000 after purchasing an additional 1,248 shares in the last quarter.

About BondBloxx Private Credit CLO ETF

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.