Axxcess Wealth Management LLC Invests $13.50 Million in VanEck CLO ETF $CLOI

Axxcess Wealth Management LLC bought a new stake in VanEck CLO ETF (NYSEARCA:CLOI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 255,648 shares of the company’s stock, valued at approximately $13,501,000.

Several other large investors also recently bought and sold shares of the business. Wells Fargo & Company MN purchased a new position in shares of VanEck CLO ETF in the 4th quarter worth $37,000. Raleigh Capital Management Inc. purchased a new position in VanEck CLO ETF in the fourth quarter worth about $43,000. NBC Securities Inc. bought a new stake in VanEck CLO ETF during the fourth quarter worth approximately $61,000. Capital Investment Advisory Services LLC bought a new stake in VanEck CLO ETF during the fourth quarter worth approximately $68,000. Finally, Sound Income Strategies LLC purchased a new stake in VanEck CLO ETF during the fourth quarter valued at approximately $100,000.

VanEck CLO ETF Stock Up 0.1%

NYSEARCA:CLOI opened at $52.92 on Friday. The business has a 50 day simple moving average of $52.79 and a 200-day simple moving average of $52.79. VanEck CLO ETF has a 1 year low of $52.36 and a 1 year high of $53.15.

VanEck CLO ETF Company 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.