Maridea Wealth Management LLC Buys 33,701 Shares of VanEck CLO ETF $CLOI

Maridea Wealth Management LLC grew its holdings in VanEck CLO ETF (NYSEARCA:CLOI) by 25.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 167,948 shares of the company’s stock after purchasing an additional 33,701 shares during the period. VanEck CLO ETF makes up about 1.4% of Maridea Wealth Management LLC’s portfolio, making the stock its 12th biggest position. Maridea Wealth Management LLC’s holdings in VanEck CLO ETF were worth $8,893,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CLOI. Independence Asset Advisors LLC increased its position in shares of VanEck CLO ETF by 43.0% during the third quarter. Independence Asset Advisors LLC now owns 1,572,716 shares of the company’s stock worth $83,507,000 after buying an additional 473,096 shares during the period. Ocean Park Asset Management LLC purchased a new position in VanEck CLO ETF in the third quarter worth $14,077,000. Darwin Wealth Management LLC bought a new position in VanEck CLO ETF during the second quarter valued at $13,048,000. Ferguson Shapiro LLC raised its holdings in VanEck CLO ETF by 98.2% during the 2nd quarter. Ferguson Shapiro LLC now owns 323,062 shares of the company’s stock valued at $17,106,000 after acquiring an additional 160,052 shares during the period. Finally, Sax Wealth Advisors LLC grew its holdings in VanEck CLO ETF by 130.1% during the 3rd quarter. Sax Wealth Advisors LLC now owns 266,129 shares of the company’s stock valued at $14,131,000 after buying an additional 150,449 shares in the last quarter.

VanEck CLO ETF Price Performance

NYSEARCA:CLOI opened at $52.90 on Wednesday. VanEck CLO ETF has a 52-week low of $50.12 and a 52-week high of $53.15. The stock has a fifty day moving average of $52.90 and a 200 day moving average of $52.92.

VanEck CLO ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a $0.2334 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%.

About VanEck CLO ETF

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.