VanEck CLO ETF (NYSEARCA:CLOI) Stake Trimmed by WESPAC Advisors LLC

WESPAC Advisors LLC lowered its position in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,095 shares of the company’s stock after selling 1,379 shares during the quarter. VanEck CLO ETF accounts for about 2.1% of WESPAC Advisors LLC’s investment portfolio, making the stock its 6th largest position. WESPAC Advisors LLC owned approximately 0.87% of VanEck CLO ETF worth $2,802,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in shares of VanEck CLO ETF during the third quarter valued at approximately $53,000. Continuum Advisory LLC bought a new stake in shares of VanEck CLO ETF during the third quarter valued at approximately $131,000. Centaurus Financial Inc. bought a new stake in shares of VanEck CLO ETF during the third quarter valued at approximately $136,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of VanEck CLO ETF during the third quarter valued at approximately $205,000. Finally, Synovus Financial Corp bought a new stake in shares of VanEck CLO ETF during the third quarter valued at approximately $210,000.

VanEck CLO ETF Stock Performance

VanEck CLO ETF stock opened at $53.05 on Friday. VanEck CLO ETF has a 1 year low of $52.33 and a 1 year high of $53.21. The firm’s 50 day moving average price is $52.99 and its 200-day moving average price is $52.95.

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.