Balboa Wealth Partners Sells 373 Shares of VanEck CLO ETF $CLOI

Balboa Wealth Partners trimmed its position in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,273 shares of the company’s stock after selling 373 shares during the period. Balboa Wealth Partners’ holdings in VanEck CLO ETF were worth $332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CLOI. Envestnet Portfolio Solutions Inc. increased its stake in VanEck CLO ETF by 118.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 36,101 shares of the company’s stock valued at $1,908,000 after acquiring an additional 19,590 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in VanEck CLO ETF by 428.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 99,916 shares of the company’s stock valued at $5,280,000 after acquiring an additional 80,999 shares during the period. Sheets Smith Wealth Management increased its stake in VanEck CLO ETF by 6.7% during the first quarter. Sheets Smith Wealth Management now owns 4,800 shares of the company’s stock valued at $254,000 after acquiring an additional 300 shares during the period. Independence Asset Advisors LLC increased its stake in VanEck CLO ETF by 1,751.4% during the first quarter. Independence Asset Advisors LLC now owns 169,808 shares of the company’s stock valued at $8,966,000 after acquiring an additional 160,636 shares during the period. Finally, Ferguson Shapiro LLC increased its stake in VanEck CLO ETF by 68.6% during the first quarter. Ferguson Shapiro LLC now owns 163,010 shares of the company’s stock valued at $8,613,000 after acquiring an additional 66,345 shares during the period.

VanEck CLO ETF Stock Performance

Shares of CLOI opened at $52.95 on Tuesday. VanEck CLO ETF has a 12-month low of $50.12 and a 12-month high of $53.21. The stock’s 50-day moving average price is $52.96 and its 200 day moving average price is $52.81.

About VanEck CLO ETF

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.