Optivise Advisory Services LLC Increases Stake in VanEck CLO ETF $CLOI

Optivise Advisory Services LLC raised its holdings in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 10.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,702 shares of the company’s stock after buying an additional 1,120 shares during the period. Optivise Advisory Services LLC owned about 0.06% of VanEck CLO ETF worth $620,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CLOI. Envestnet Asset Management Inc. increased its stake in shares of VanEck CLO ETF by 601.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 485,336 shares of the company’s stock worth $25,645,000 after purchasing an additional 416,160 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of VanEck CLO ETF in the 1st quarter worth $33,000. Crossmark Global Holdings Inc. purchased a new stake in VanEck CLO ETF in the first quarter worth about $1,546,000. Stratos Wealth Partners LTD. increased its position in VanEck CLO ETF by 16.9% in the first quarter. Stratos Wealth Partners LTD. now owns 14,858 shares of the company’s stock worth $785,000 after buying an additional 2,151 shares in the last quarter. Finally, Allworth Financial LP purchased a new stake in VanEck CLO ETF in the first quarter worth about $137,000.

VanEck CLO ETF Stock Performance

Shares of CLOI opened at $52.84 on Tuesday. The business has a 50-day simple moving average of $52.96 and a two-hundred day simple moving average of $52.89. VanEck CLO ETF has a 52 week low of $50.12 and a 52 week high of $53.21.

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.