VanEck CLO ETF $CLOI Shares Sold by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC cut its holdings in VanEck CLO ETF (NYSEARCA:CLOI) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 623,829 shares of the company’s stock after selling 11,974 shares during the period. Orion Porfolio Solutions LLC owned 2.64% of VanEck CLO ETF worth $33,125,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CLOI. Independence Asset Advisors LLC grew its position in shares of VanEck CLO ETF by 43.0% in the third quarter. Independence Asset Advisors LLC now owns 1,572,716 shares of the company’s stock valued at $83,507,000 after purchasing an additional 473,096 shares during the period. Capital Investment Advisors LLC boosted its stake in VanEck CLO ETF by 11.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 1,434,140 shares of the company’s stock worth $76,153,000 after buying an additional 147,163 shares during the last quarter. TRUE Private Wealth Advisors grew its holdings in VanEck CLO ETF by 4.1% in the 2nd quarter. TRUE Private Wealth Advisors now owns 360,791 shares of the company’s stock valued at $19,104,000 after buying an additional 14,066 shares during the period. WealthPlan Investment Management LLC increased its stake in shares of VanEck CLO ETF by 3.6% during the 3rd quarter. WealthPlan Investment Management LLC now owns 323,776 shares of the company’s stock valued at $17,193,000 after acquiring an additional 11,305 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of VanEck CLO ETF by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 314,332 shares of the company’s stock valued at $16,691,000 after acquiring an additional 12,619 shares during the last quarter.

VanEck CLO ETF Price Performance

CLOI opened at $52.49 on Thursday. The company’s 50 day simple moving average is $52.88 and its 200 day simple moving average is $52.92. VanEck CLO ETF has a 1 year low of $50.12 and a 1 year high of $53.15.

VanEck CLO ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd will be issued a $0.2002 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Monday, March 2nd.

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.