L & S Advisors Inc Has $1.76 Million Stock Holdings in VanEck AA-BB CLO ETF $CLOB

L & S Advisors Inc grew its stake in VanEck AA-BB CLO ETF (NYSEARCA:CLOB) by 91.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 34,703 shares of the company’s stock after acquiring an additional 16,567 shares during the quarter. L & S Advisors Inc’s holdings in VanEck AA-BB CLO ETF were worth $1,764,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CLOB. Balefire LLC boosted its stake in VanEck AA-BB CLO ETF by 46.4% in the 2nd quarter. Balefire LLC now owns 13,054 shares of the company’s stock valued at $663,000 after buying an additional 4,135 shares in the last quarter. Townsquare Capital LLC bought a new position in shares of VanEck AA-BB CLO ETF during the first quarter valued at $452,000. Jane Street Group LLC boosted its stake in shares of VanEck AA-BB CLO ETF by 31.9% in the 1st quarter. Jane Street Group LLC now owns 70,403 shares of the company’s stock valued at $3,567,000 after purchasing an additional 17,022 shares in the last quarter. Finally, Independence Asset Advisors LLC grew its holdings in shares of VanEck AA-BB CLO ETF by 5,087.4% in the 2nd quarter. Independence Asset Advisors LLC now owns 389,057 shares of the company’s stock worth $19,771,000 after purchasing an additional 381,557 shares during the last quarter.

VanEck AA-BB CLO ETF Trading Down 0.1%

Shares of VanEck AA-BB CLO ETF stock opened at $50.75 on Friday. VanEck AA-BB CLO ETF has a 12-month low of $45.00 and a 12-month high of $51.17. The company has a 50-day simple moving average of $50.86 and a 200 day simple moving average of $50.67.

About VanEck AA-BB CLO ETF

The VanEck AA-BB CLO ETF (CLOB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in collateralized loan obligations (CLOs) of any maturity that are rated between AA+ and BB-. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency.