Shares of VanEck CLO ETF (NYSEARCA:CLOI – Get Free Report) saw unusually-high trading volume on Monday . 196,647 shares changed hands during trading, a decline of 11% from the previous session’s volume of 222,018 shares.The stock last traded at $52.8950 and had previously closed at $52.88.
VanEck CLO ETF Stock Up 0.0%
The company has a 50-day simple moving average of $52.87 and a two-hundred day simple moving average of $52.78.
Hedge Funds Weigh In On VanEck CLO ETF
Institutional investors have recently modified their holdings of the company. LPL Financial LLC increased its holdings in shares of VanEck CLO ETF by 26.1% in the 4th quarter. LPL Financial LLC now owns 2,027,584 shares of the company’s stock worth $107,077,000 after acquiring an additional 419,749 shares during the period. Independence Asset Advisors LLC grew its position in VanEck CLO ETF by 17.2% in the 1st quarter. Independence Asset Advisors LLC now owns 1,863,451 shares of the company’s stock worth $98,203,000 after purchasing an additional 273,532 shares during the last quarter. Pinebridge Investments LLC bought a new position in VanEck CLO ETF in the 4th quarter worth about $31,530,000. Sax Wealth Advisors LLC increased its stake in shares of VanEck CLO ETF by 11.3% in the second quarter. Sax Wealth Advisors LLC now owns 400,699 shares of the company’s stock valued at $21,117,000 after purchasing an additional 40,627 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of VanEck CLO ETF by 2.1% in the fourth quarter. HighTower Advisors LLC now owns 321,035 shares of the company’s stock valued at $16,954,000 after purchasing an additional 6,703 shares during the period.
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.
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