iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Large Volume Increase – Time to Buy?

iShares AAA CLO Active ETF (NASDAQ:CLOA) saw unusually-high trading volume on Monday . 948,242 shares traded hands during trading, an increase of 91% from the previous session’s volume of 495,369 shares.The stock last traded at $51.9450 and had previously closed at $51.94.

iShares AAA CLO Active ETF Trading Up 0.0%

The stock’s 50-day moving average is $51.88 and its 200-day moving average is $51.84.

iShares AAA CLO Active ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a $0.2132 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from iShares AAA CLO Active ETF’s previous monthly dividend of $0.21.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Markowski Investments acquired a new position in shares of iShares AAA CLO Active ETF during the second quarter worth about $200,000. Kickstand Ventures LLC. grew its stake in shares of iShares AAA CLO Active ETF by 2.9% in the second quarter. Kickstand Ventures LLC. now owns 128,098 shares of the company’s stock valued at $6,650,000 after buying an additional 3,559 shares in the last quarter. Trust Co. of Vermont purchased a new stake in shares of iShares AAA CLO Active ETF during the 2nd quarter valued at about $68,000. Bulwark Capital Corp raised its holdings in shares of iShares AAA CLO Active ETF by 39.4% during the 2nd quarter. Bulwark Capital Corp now owns 98,567 shares of the company’s stock valued at $5,117,000 after buying an additional 27,872 shares during the period. Finally, Arkadios Wealth Advisors lifted its position in iShares AAA CLO Active ETF by 36.1% during the 1st quarter. Arkadios Wealth Advisors now owns 15,664 shares of the company’s stock worth $812,000 after acquiring an additional 4,152 shares in the last quarter.

About iShares AAA CLO Active ETF

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.