Gradient Investments LLC Sells 266,536 Shares of BondBloxx Private Credit CLO ETF $PCMM

Gradient Investments LLC decreased its holdings in shares of BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) by 33.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 526,172 shares of the company’s stock after selling 266,536 shares during the quarter. Gradient Investments LLC owned approximately 13.49% of BondBloxx Private Credit CLO ETF worth $26,243,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Compound Planning Inc. acquired a new position in shares of BondBloxx Private Credit CLO ETF in the fourth quarter valued at $3,595,000. Thrivent Financial for Lutherans acquired a new stake in shares of BondBloxx Private Credit CLO ETF during the 4th quarter worth about $3,318,000. WT Wealth Management lifted its stake in shares of BondBloxx Private Credit CLO ETF by 139.5% during the 1st quarter. WT Wealth Management now owns 85,169 shares of the company’s stock worth $4,188,000 after buying an additional 49,608 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of BondBloxx Private Credit CLO ETF by 359.6% during the 4th quarter. Jane Street Group LLC now owns 63,043 shares of the company’s stock worth $3,160,000 after buying an additional 49,327 shares during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its holdings in shares of BondBloxx Private Credit CLO ETF by 72.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 114,332 shares of the company’s stock worth $5,760,000 after buying an additional 48,127 shares during the period.

BondBloxx Private Credit CLO ETF Trading Down 0.1%

Shares of PCMM opened at $49.70 on Friday. BondBloxx Private Credit CLO ETF has a 52 week low of $48.86 and a 52 week high of $51.09. The firm’s 50-day simple moving average is $49.75 and its 200 day simple moving average is $49.77.

BondBloxx Private Credit CLO ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.2559 per share. This is a boost from BondBloxx Private Credit CLO ETF’s previous monthly dividend of $0.26. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Monday, August 3rd.

About BondBloxx Private Credit CLO ETF

The BondBloxx Private Credit CLO ETF (PCMM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that seeks capital preservation and current income. The fund invests in a pool of loans to private, middle market companies PCMM was launched on Dec 2, 2024 and is issued by BondBloxx.