Elevation Point Wealth Partners LLC Acquires New Holdings in VanEck CLO ETF $CLOI

Elevation Point Wealth Partners LLC bought a new position in shares of VanEck CLO ETF (NYSEARCA:CLOI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 25,553 shares of the company’s stock, valued at approximately $1,357,000. Elevation Point Wealth Partners LLC owned 0.11% of VanEck CLO ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC lifted its stake in shares of VanEck CLO ETF by 177.6% in the third quarter. CWM LLC now owns 705 shares of the company’s stock worth $37,000 after acquiring an additional 451 shares during the period. Clear Investment Research LLC acquired a new stake in VanEck CLO ETF during the 3rd quarter valued at approximately $89,000. Equitable Holdings Inc. bought a new position in VanEck CLO ETF during the 3rd quarter worth approximately $213,000. Discipline Wealth Solutions LLC acquired a new position in shares of VanEck CLO ETF in the 3rd quarter worth approximately $259,000. Finally, Arkadios Wealth Advisors lifted its position in shares of VanEck CLO ETF by 4.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 5,244 shares of the company’s stock worth $278,000 after purchasing an additional 243 shares during the period.

VanEck CLO ETF Stock Performance

CLOI stock opened at $52.56 on Tuesday. The company’s fifty day simple moving average is $52.82 and its 200 day simple moving average is $52.89. VanEck CLO ETF has a 12-month low of $50.12 and a 12-month high of $53.15.

VanEck CLO ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.2002 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.6%.

About VanEck CLO ETF

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.