iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Strong Trading Volume – Still a Buy?

iShares AAA CLO Active ETF (NASDAQ:CLOA) shares saw unusually-high trading volume on Tuesday . Approximately 3,060,149 shares traded hands during mid-day trading, an increase of 513% from the previous session’s volume of 499,353 shares.The stock last traded at $51.82 and had previously closed at $51.80.

iShares AAA CLO Active ETF Stock Performance

The business’s 50 day moving average price is $51.83 and its 200 day moving average price is $51.83.

iShares AAA CLO Active ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.1876 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.3%.

Institutional Investors Weigh In On iShares AAA CLO Active ETF

A number of institutional investors have recently modified their holdings of CLOA. Private Trust Co. NA acquired a new position in iShares AAA CLO Active ETF in the 3rd quarter worth about $30,000. Farther Finance Advisors LLC purchased a new stake in shares of iShares AAA CLO Active ETF in the fourth quarter valued at approximately $31,000. Imprint Wealth LLC purchased a new stake in shares of iShares AAA CLO Active ETF in the third quarter valued at approximately $67,000. Kelleher Financial Advisors acquired a new position in shares of iShares AAA CLO Active ETF during the 4th quarter worth approximately $112,000. Finally, Huntington National Bank raised its stake in shares of iShares AAA CLO Active ETF by 22.5% during the 4th quarter. Huntington National Bank now owns 3,176 shares of the company’s stock worth $164,000 after buying an additional 583 shares during the period.

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.