Sentinel Pension Advisors LLC Cuts Position in VanEck CLO ETF $CLOI

Sentinel Pension Advisors LLC trimmed its position in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 19.4% during the fourth quarter, Holdings Channel reports. The firm owned 124,693 shares of the company’s stock after selling 30,065 shares during the quarter. VanEck CLO ETF makes up approximately 1.0% of Sentinel Pension Advisors LLC’s portfolio, making the stock its 20th biggest holding. Sentinel Pension Advisors LLC’s holdings in VanEck CLO ETF were worth $6,585,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Impact Partnership Wealth LLC lifted its stake 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 in the last quarter. Brookstone Capital Management grew its position in VanEck CLO ETF by 7.8% in the 3rd quarter. Brookstone Capital Management now owns 308,695 shares of the company’s stock valued at $16,392,000 after acquiring an additional 22,237 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in VanEck CLO ETF during the second quarter worth about $765,000. OneAscent Financial Services LLC purchased a new stake in VanEck CLO ETF during the third quarter worth about $1,291,000. Finally, Narwhal Capital Management purchased a new position in shares of VanEck CLO ETF in the third quarter valued at approximately $711,000.

VanEck CLO ETF Stock Up 0.1%

Shares of CLOI opened at $52.64 on Thursday. VanEck CLO ETF has a fifty-two week low of $50.12 and a fifty-two week high of $53.15. The firm’s 50 day moving average price is $52.79 and its 200 day moving average price is $52.87.

VanEck CLO ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders 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.