Ariadne Wealth Management LP Invests $653,000 in VanEck CLO ETF $CLOI

Ariadne Wealth Management LP bought a new position in VanEck CLO ETF (NYSEARCA:CLOI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,353 shares of the company’s stock, valued at approximately $653,000.

Several other hedge funds and other institutional investors have also modified their holdings of CLOI. Pinebridge Investments LLC acquired a new stake in shares of VanEck CLO ETF in the fourth quarter worth $31,530,000. LPL Financial LLC boosted its position in shares of VanEck CLO ETF by 26.1% in the fourth quarter. LPL Financial LLC now owns 2,027,584 shares of the company’s stock worth $107,077,000 after buying an additional 419,749 shares during the period. Axxcess Wealth Management LLC purchased a new stake in shares of VanEck CLO ETF during the fourth quarter worth $13,582,000. Darwin Wealth Management LLC purchased a new stake in shares of VanEck CLO ETF during the second quarter worth $13,048,000. Finally, Employees Retirement Fund of the City of Fort Worth purchased a new stake in shares of VanEck CLO ETF during the fourth quarter worth $11,967,000.

VanEck CLO ETF Trading Up 0.0%

Shares of NYSEARCA:CLOI opened at $52.87 on Friday. VanEck CLO ETF has a 1 year low of $52.36 and a 1 year high of $53.15. The business has a fifty day simple moving average of $52.76 and a 200 day simple moving average of $52.79.

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.