iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Large Volume Increase – Should You Buy?

iShares AAA CLO Active ETF (NASDAQ:CLOA) saw unusually-high trading volume on Wednesday . Approximately 141,053 shares traded hands during trading, an increase of 61% from the previous session’s volume of 87,353 shares.The stock last traded at $51.91 and had previously closed at $51.89.

iShares AAA CLO Active ETF Stock Performance

The company has a 50-day moving average of $51.84 and a two-hundred day moving average of $51.84.

iShares AAA CLO Active ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.2682 per share. The ex-dividend date was Friday, November 1st.

Hedge Funds Weigh In On iShares AAA CLO Active ETF

A number of large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. purchased a new position in shares of iShares AAA CLO Active ETF in the 2nd quarter worth about $42,734,000. Adams Wealth Management raised its holdings in shares of iShares AAA CLO Active ETF by 19.2% in the 1st quarter. Adams Wealth Management now owns 190,638 shares of the company’s stock worth $9,862,000 after purchasing an additional 30,645 shares during the period. Commonwealth Equity Services LLC purchased a new position in shares of iShares AAA CLO Active ETF in the 2nd quarter worth about $8,138,000. Pallas Capital Advisors LLC raised its holdings in shares of iShares AAA CLO Active ETF by 16.1% in the 2nd quarter. Pallas Capital Advisors LLC now owns 155,627 shares of the company’s stock worth $8,068,000 after purchasing an additional 21,597 shares during the period. Finally, Brookstone Capital Management raised its holdings in shares of iShares AAA CLO Active ETF by 3.5% in the 3rd quarter. Brookstone Capital Management now owns 143,924 shares of the company’s stock worth $7,480,000 after purchasing an additional 4,908 shares during the period.

iShares AAA CLO Active ETF Company Profile

The BlackRock AAA CLO ETF (CLOA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated CLOs that are rated AAA. CLOA was launched on Jan 10, 2023 and is managed by BlackRock.