iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Unusually-High Trading Volume – Here’s What Happened

iShares AAA CLO Active ETF (NASDAQ:CLOA) saw an uptick in trading volume on Monday . 484,402 shares traded hands during mid-day trading, an increase of 213% from the previous session’s volume of 154,734 shares.The stock last traded at $50.98 and had previously closed at $51.12.

iShares AAA CLO Active ETF Stock Performance

The company has a 50 day simple moving average of $51.79 and a two-hundred day simple moving average of $51.82.

iShares AAA CLO Active ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.2462 per share. This represents a $2.95 annualized dividend and a dividend yield of 5.79%. The ex-dividend date of this dividend was Tuesday, April 1st.

Institutional Trading of iShares AAA CLO Active ETF

A number of institutional investors have recently bought and sold shares of the stock. Cary Street Partners Financial LLC purchased a new stake in shares of iShares AAA CLO Active ETF in the fourth quarter valued at $1,631,000. Concourse Financial Group Securities Inc. grew its holdings in iShares AAA CLO Active ETF by 13.0% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 83,782 shares of the company’s stock valued at $4,349,000 after purchasing an additional 9,659 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in iShares AAA CLO Active ETF in the 4th quarter worth about $26,000. IFP Advisors Inc lifted its stake in iShares AAA CLO Active ETF by 1.3% in the fourth quarter. IFP Advisors Inc now owns 14,876 shares of the company’s stock worth $770,000 after purchasing an additional 194 shares during the last quarter. Finally, PSI Advisors LLC boosted its position in shares of iShares AAA CLO Active ETF by 76.2% during the fourth quarter. PSI Advisors LLC now owns 916 shares of the company’s stock valued at $47,000 after buying an additional 396 shares during the period.

About iShares AAA CLO Active ETF

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.