WealthPlan Investment Management LLC cut its holdings in shares of VanEck CLO ETF (NYSEARCA:CLOI – Free Report) by 9.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 166,425 shares of the company’s stock after selling 16,684 shares during the period. WealthPlan Investment Management LLC’s holdings in VanEck CLO ETF were worth $8,816,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Independence Asset Advisors LLC lifted its position in shares of VanEck CLO ETF by 17.2% in the first quarter. Independence Asset Advisors LLC now owns 1,863,451 shares of the company’s stock valued at $98,203,000 after buying an additional 273,532 shares during the last quarter. Gradient Investments LLC acquired a new position in shares of VanEck CLO ETF in the third quarter valued at about $14,470,000. Axxcess Wealth Management LLC bought a new position in shares of VanEck CLO ETF during the fourth quarter worth approximately $13,501,000. Sax Wealth Advisors LLC raised its holdings in VanEck CLO ETF by 40.3% in the 3rd quarter. Sax Wealth Advisors LLC now owns 562,168 shares of the company’s stock valued at $29,778,000 after acquiring an additional 161,469 shares in the last quarter. Finally, Alpha Zero LLC acquired a new position in VanEck CLO ETF in the first quarter valued at about $8,341,000.
VanEck CLO ETF Stock Performance
Shares of VanEck CLO ETF stock traded up $0.03 on Thursday, reaching $52.85. 116,627 shares of the stock were exchanged, compared to its average volume of 257,346. The firm’s 50 day moving average is $52.88 and its 200-day moving average is $52.83. VanEck CLO ETF has a one year low of $52.36 and a one year high of $53.10.
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.
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