Royal Bank of Canada Grows Position in VanEck AA-BB CLO ETF $CLOB

Royal Bank of Canada grew its holdings in shares of VanEck AA-BB CLO ETF (NYSEARCA:CLOB) by 108.2% in the first quarter, Holdings Channel.com reports. The firm owned 24,996 shares of the company’s stock after buying an additional 12,992 shares during the period. Royal Bank of Canada’s holdings in VanEck AA-BB CLO ETF were worth $1,249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CLOB. Independence Asset Advisors LLC lifted its stake in shares of VanEck AA-BB CLO ETF by 1.8% during the 1st quarter. Independence Asset Advisors LLC now owns 911,773 shares of the company’s stock valued at $45,575,000 after buying an additional 16,237 shares in the last quarter. Jane Street Group LLC raised its holdings in VanEck AA-BB CLO ETF by 187.3% during the 2nd quarter. Jane Street Group LLC now owns 202,298 shares of the company’s stock valued at $10,281,000 after acquiring an additional 131,895 shares during the period. Axxcess Wealth Management LLC purchased a new stake in shares of VanEck AA-BB CLO ETF during the fourth quarter worth $8,031,000. Darwin Wealth Management LLC purchased a new stake in shares of VanEck AA-BB CLO ETF during the second quarter worth $7,755,000. Finally, L & S Advisors Inc boosted its holdings in shares of VanEck AA-BB CLO ETF by 320.8% in the fourth quarter. L & S Advisors Inc now owns 140,445 shares of the company’s stock worth $7,116,000 after acquiring an additional 107,073 shares during the period.

VanEck AA-BB CLO ETF Trading Up 0.1%

Shares of NYSEARCA CLOB opened at $50.38 on Friday. VanEck AA-BB CLO ETF has a fifty-two week low of $49.28 and a fifty-two week high of $51.17. The stock has a fifty day moving average of $50.35 and a 200-day moving average of $50.30.

VanEck AA-BB CLO ETF Profile

The VanEck AA-BB CLO ETF (CLOB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in collateralized loan obligations (CLOs) of any maturity that are rated between AA+ and BB-. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency. CLOB was launched on Sep 24, 2024 and is issued by VanEck.