Jones Financial Companies Lllp Raises Position in VanEck CLO ETF $CLOI

Jones Financial Companies Lllp raised its holdings in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 225.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,418 shares of the company’s stock after buying an additional 59,188 shares during the period. Jones Financial Companies Lllp’s holdings in VanEck CLO ETF were worth $4,535,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CLOI. Mutual Advisors LLC increased its holdings in shares of VanEck CLO ETF by 3.4% in the third quarter. Mutual Advisors LLC now owns 27,781 shares of the company’s stock worth $1,472,000 after buying an additional 914 shares during the period. UMB Bank n.a. purchased a new stake in VanEck CLO ETF during the 3rd quarter valued at about $568,000. Impact Partnership Wealth LLC grew its position in VanEck CLO ETF by 120.5% during the 3rd quarter. Impact Partnership Wealth LLC now owns 27,768 shares of the company’s stock worth $1,474,000 after acquiring an additional 15,176 shares during the last quarter. AE Wealth Management LLC increased its stake in VanEck CLO ETF by 28.8% in the 3rd quarter. AE Wealth Management LLC now owns 227,004 shares of the company’s stock worth $12,054,000 after purchasing an additional 50,806 shares during the period. Finally, Independence Asset Advisors LLC increased its stake in VanEck CLO ETF by 43.0% in the 3rd quarter. Independence Asset Advisors LLC now owns 1,572,716 shares of the company’s stock worth $83,507,000 after purchasing an additional 473,096 shares during the period.

VanEck CLO ETF Price Performance

NYSEARCA:CLOI opened at $52.87 on Friday. VanEck CLO ETF has a fifty-two week low of $50.12 and a fifty-two week high of $53.15. The business has a 50 day moving average price of $52.89 and a 200-day moving average price of $52.93.

VanEck CLO ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.2334 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 5.3%.

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.