iShares AAA CLO Active ETF (NASDAQ:CLOA) Reaches New 52-Week Low – Should You Sell?

Shares of iShares AAA CLO Active ETF (NASDAQ:CLOA) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $51.15 and last traded at $51.15, with a volume of 1388 shares trading hands. The stock had previously closed at $51.72.

iShares AAA CLO Active ETF Trading Up 0.1%

The company has a 50-day moving average of $51.89 and a two-hundred day moving average of $51.84.

iShares AAA CLO Active ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st will be paid a dividend of $0.196 per share. The ex-dividend date is Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Institutional Investors Weigh In On iShares AAA CLO Active ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Landing Point Financial Group LLC boosted its position in shares of iShares AAA CLO Active ETF by 6.0% in the fourth quarter. Landing Point Financial Group LLC now owns 270,956 shares of the company’s stock worth $14,021,000 after purchasing an additional 15,235 shares during the period. Kickstand Ventures LLC. boosted its stake in shares of iShares AAA CLO Active ETF by 10.8% in the third quarter. Kickstand Ventures LLC. now owns 122,483 shares of the company’s stock worth $6,365,000 after acquiring an additional 11,926 shares during the period. Bulwark Capital Corp grew its position in shares of iShares AAA CLO Active ETF by 92.3% during the fourth quarter. Bulwark Capital Corp now owns 45,373 shares of the company’s stock worth $2,348,000 after purchasing an additional 21,782 shares in the last quarter. Imprint Wealth LLC purchased a new stake in shares of iShares AAA CLO Active ETF during the third quarter worth about $67,000. Finally, Janney Montgomery Scott LLC raised its stake in iShares AAA CLO Active ETF by 24.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,557 shares of the company’s stock valued at $443,000 after purchasing an additional 1,689 shares during the period.

iShares AAA CLO Active ETF Company Profile

The BlackRock AAA CLO ETF (CLOA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated CLOs that are rated AAA. CLOA was launched on Jan 10, 2023 and is managed by BlackRock.