Deseret Mutual Benefit Administrators trimmed its holdings in VanEck CLO ETF (NYSEARCA:CLOI – Free Report) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 277,556 shares of the company’s stock after selling 13,691 shares during the period. VanEck CLO ETF comprises approximately 6.3% of Deseret Mutual Benefit Administrators’ holdings, making the stock its 3rd largest holding. Deseret Mutual Benefit Administrators’ holdings in VanEck CLO ETF were worth $14,658,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in CLOI. Raleigh Capital Management Inc. acquired a new position in shares of VanEck CLO ETF in the 4th quarter valued at approximately $43,000. NBC Securities Inc. bought a new stake in shares of VanEck CLO ETF in the 4th quarter valued at approximately $61,000. Capital Investment Advisory Services LLC bought a new stake in shares of VanEck CLO ETF in the 4th quarter valued at approximately $68,000. Clear Investment Research LLC bought a new stake in shares of VanEck CLO ETF in the 3rd quarter valued at approximately $89,000. Finally, Sound Income Strategies LLC bought a new stake in shares of VanEck CLO ETF in the 4th quarter valued at approximately $100,000.
VanEck CLO ETF Stock Performance
Shares of NYSEARCA CLOI opened at $52.79 on Friday. VanEck CLO ETF has a twelve month low of $52.36 and a twelve month high of $53.15. The business has a 50 day simple moving average of $52.73 and a 200-day simple moving average of $52.80.
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. CLOI was launched on Jun 21, 2022 and is managed by VanEck.
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