Ferguson Shapiro LLC Trims Holdings in VanEck CLO ETF $CLOI

Ferguson Shapiro LLC lessened its holdings in VanEck CLO ETF (NYSEARCA:CLOI) by 16.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 268,480 shares of the company’s stock after selling 54,582 shares during the quarter. VanEck CLO ETF accounts for 4.6% of Ferguson Shapiro LLC’s investment portfolio, making the stock its 7th biggest position. Ferguson Shapiro LLC owned 1.14% of VanEck CLO ETF worth $14,256,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CLOI. NewEdge Advisors LLC increased its holdings in shares of VanEck CLO ETF by 264.4% in the first quarter. NewEdge Advisors LLC now owns 19,673 shares of the company’s stock worth $1,040,000 after buying an additional 14,275 shares during the period. Wealth Watch Advisors INC grew its position in VanEck CLO ETF by 5.6% during the 2nd quarter. Wealth Watch Advisors INC now owns 6,012 shares of the company’s stock worth $318,000 after acquiring an additional 319 shares during the last quarter. Winebrenner Capital Management LLC increased its stake in VanEck CLO ETF by 41.8% in the 2nd quarter. Winebrenner Capital Management LLC now owns 12,138 shares of the company’s stock worth $643,000 after purchasing an additional 3,578 shares during the period. Deseret Mutual Benefit Administrators lifted its position in VanEck CLO ETF by 23.5% in the second quarter. Deseret Mutual Benefit Administrators now owns 211,990 shares of the company’s stock valued at $11,225,000 after purchasing an additional 40,289 shares during the last quarter. Finally, Impact Partnership Wealth LLC purchased a new stake in shares of VanEck CLO ETF during the second quarter valued at approximately $667,000.

VanEck CLO ETF Stock Performance

Shares of VanEck CLO ETF stock opened at $52.90 on Friday. VanEck CLO ETF has a 52-week low of $50.12 and a 52-week high of $53.15. The company’s 50 day moving average price is $52.90 and its 200-day moving average price is $52.92.

VanEck CLO ETF Cuts Dividend

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

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.