Royal Bank of Canada Acquires 27,192 Shares of VanEck CLO ETF $CLOI

Royal Bank of Canada increased its holdings in VanEck CLO ETF (NYSEARCA:CLOI) by 71.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,206 shares of the company’s stock after buying an additional 27,192 shares during the quarter. Royal Bank of Canada owned 0.26% of VanEck CLO ETF worth $3,436,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CLOI. Quest 10 Wealth Builders Inc. increased its holdings in VanEck CLO ETF by 8.1% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 4,744 shares of the company’s stock valued at $251,000 after buying an additional 354 shares during the last quarter. Mpwm Advisory Solutions LLC raised its position in VanEck CLO ETF by 0.7% in the third quarter. Mpwm Advisory Solutions LLC now owns 52,784 shares of the company’s stock worth $2,803,000 after acquiring an additional 365 shares during the period. Fifth Third Bancorp purchased a new position in shares of VanEck CLO ETF during the 1st quarter worth $32,000. Wells Fargo & Company MN purchased a new position in shares of VanEck CLO ETF during the 4th quarter worth $37,000. Finally, Ascension Capital Advisors Inc. grew its position in shares of VanEck CLO ETF by 19.5% during the 1st quarter. Ascension Capital Advisors Inc. now owns 4,780 shares of the company’s stock valued at $252,000 after acquiring an additional 781 shares during the period.

VanEck CLO ETF Price Performance

Shares of CLOI stock opened at $52.87 on Friday. VanEck CLO ETF has a 1 year low of $52.36 and a 1 year high of $53.15. The firm has a fifty day moving average price of $52.86 and a 200-day moving average price of $52.79.

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.