Tandem Financial LLC Buys Shares of 109,657 VanEck CLO ETF $CLOI

Tandem Financial LLC bought a new stake in shares of VanEck CLO ETF (NYSEARCA:CLOI) in the third quarter, Holdings Channel reports. The fund bought 109,657 shares of the company’s stock, valued at approximately $5,823,000. VanEck CLO ETF comprises 2.2% of Tandem Financial LLC’s portfolio, making the stock its 12th biggest holding.

Other institutional investors have also bought and sold shares of the company. OneAscent Wealth Management LLC bought a new stake in shares of VanEck CLO ETF in the third quarter valued at $4,307,000. OneAscent Financial Services LLC bought a new stake in VanEck CLO ETF in the 3rd quarter valued at about $3,976,000. OneAscent Family Office LLC purchased a new stake in VanEck CLO ETF during the third quarter valued at about $506,000. Winebrenner Capital Management LLC increased its stake in shares of VanEck CLO ETF by 20.2% in the third quarter. Winebrenner Capital Management LLC now owns 14,588 shares of the company’s stock worth $775,000 after purchasing an additional 2,450 shares in the last quarter. Finally, Symphony Financial Ltd. Co. raised its position in shares of VanEck CLO ETF by 2.0% in the third quarter. Symphony Financial Ltd. Co. now owns 12,383 shares of the company’s stock valued at $657,000 after purchasing an additional 238 shares during the period.

VanEck CLO ETF Stock Performance

Shares of CLOI stock opened at $53.02 on Tuesday. VanEck CLO ETF has a 12 month low of $50.12 and a 12 month high of $53.20. The firm’s 50 day moving average is $52.89 and its 200 day moving average is $52.93.

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. CLOI was launched on Jun 21, 2022 and is managed by VanEck.