Axxcess Wealth Management LLC Acquires Shares of 257,195 VanEck CLO ETF $CLOI

Axxcess Wealth Management LLC acquired a new stake in shares of VanEck CLO ETF (NYSEARCA:CLOI) during the fourth quarter, Holdings Channel.com reports. The firm acquired 257,195 shares of the company’s stock, valued at approximately $13,582,000.

A number of other hedge funds have also bought and sold shares of CLOI. Raleigh Capital Management Inc. bought a new position in VanEck CLO ETF during the fourth quarter valued at $43,000. NBC Securities Inc. purchased a new stake in shares of VanEck CLO ETF during the fourth quarter valued at $61,000. Capital Investment Advisory Services LLC purchased a new stake in shares of VanEck CLO ETF during the fourth quarter valued at $68,000. Clear Investment Research LLC purchased a new stake in shares of VanEck CLO ETF during the third quarter valued at $89,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of VanEck CLO ETF during the fourth quarter valued at $100,000.

VanEck CLO ETF Price Performance

Shares of CLOI opened at $52.92 on Friday. VanEck CLO ETF has a 12-month low of $52.36 and a 12-month high of $53.15. The firm has a fifty day moving average price of $52.68 and a 200-day moving average price of $52.80.

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.