Fusion Capital LLC Acquires 170,239 Shares of VanEck CLO ETF $CLOI

Fusion Capital LLC boosted its stake in VanEck CLO ETF (NYSEARCA:CLOI) by 502.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 204,094 shares of the company’s stock after acquiring an additional 170,239 shares during the quarter. VanEck CLO ETF accounts for about 2.4% of Fusion Capital LLC’s portfolio, making the stock its 19th biggest holding. Fusion Capital LLC’s holdings in VanEck CLO ETF were worth $10,811,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CLOI. Capital Investment Advisors LLC purchased a new stake in shares of VanEck CLO ETF during the third quarter worth about $100,933,000. Sax Wealth Advisors LLC lifted its stake in VanEck CLO ETF by 40.3% in the 3rd quarter. Sax Wealth Advisors LLC now owns 562,168 shares of the company’s stock valued at $29,778,000 after buying an additional 161,469 shares in the last quarter. Gradient Investments LLC lifted its stake in VanEck CLO ETF by 2.6% in the 2nd quarter. Gradient Investments LLC now owns 275,289 shares of the company’s stock valued at $14,577,000 after buying an additional 6,992 shares in the last quarter. Beaumont Financial Advisors LLC increased its stake in VanEck CLO ETF by 2.9% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 261,852 shares of the company’s stock worth $13,870,000 after buying an additional 7,360 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in VanEck CLO ETF by 24.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 195,715 shares of the company’s stock worth $10,314,000 after buying an additional 38,797 shares in the last quarter.

VanEck CLO ETF Price Performance

Shares of VanEck CLO ETF stock opened at $52.98 on Friday. The business has a 50 day simple moving average of $52.89 and a two-hundred day simple moving average of $52.82. VanEck CLO ETF has a 12 month low of $52.36 and a 12 month high of $53.10.

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.