TCP Asset Management LLC Lowers Position in VanEck CLO ETF $CLOI

TCP Asset Management LLC trimmed its position in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 67.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,171 shares of the company’s stock after selling 23,495 shares during the quarter. TCP Asset Management LLC’s holdings in VanEck CLO ETF were worth $593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Private Trust Co. NA bought a new position in shares of VanEck CLO ETF during the second quarter valued at about $66,000. Mattson Financial Services LLC increased its stake in VanEck CLO ETF by 17.8% in the 1st quarter. Mattson Financial Services LLC now owns 2,905 shares of the company’s stock valued at $153,000 after buying an additional 440 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in VanEck CLO ETF in the 2nd quarter valued at about $177,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of VanEck CLO ETF during the 2nd quarter worth approximately $200,000. Finally, Creekside Partners purchased a new position in shares of VanEck CLO ETF in the 2nd quarter worth approximately $209,000.

VanEck CLO ETF Stock Down 0.1%

CLOI stock opened at $52.91 on Thursday. The business has a 50 day moving average of $52.92 and a 200-day moving average of $52.92. VanEck CLO ETF has a 12-month low of $50.12 and a 12-month high of $53.20.

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.