Beaumont Financial Advisors LLC Has $6.74 Million Holdings in VanEck CLO ETF (NYSEARCA:CLOI)

Beaumont Financial Advisors LLC lessened its stake in VanEck CLO ETF (NYSEARCA:CLOI) by 1.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 129,389 shares of the company’s stock after selling 1,763 shares during the quarter. Beaumont Financial Advisors LLC owned 0.06% of VanEck CLO ETF worth $6,744,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. FAS Wealth Partners Inc. boosted its holdings in VanEck CLO ETF by 48.1% during the third quarter. FAS Wealth Partners Inc. now owns 659 shares of the company’s stock worth $34,000 after purchasing an additional 214 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in VanEck CLO ETF during the third quarter worth $202,000. Lincoln National Corp acquired a new position in VanEck CLO ETF during the third quarter worth $205,000. Sheets Smith Wealth Management bought a new stake in VanEck CLO ETF during the third quarter worth $209,000. Finally, TRUE Private Wealth Advisors bought a new stake in VanEck CLO ETF during the fourth quarter worth $234,000.

VanEck CLO ETF Stock Performance

NYSEARCA CLOI traded down $0.01 on Friday, hitting $52.70. 146,037 shares of the stock were exchanged, compared to its average volume of 40,065. The business’s fifty day moving average is $52.59 and its 200 day moving average is $52.34. VanEck CLO ETF has a 52 week low of $51.24 and a 52 week high of $52.98.

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.