Peck Wealth Management LLC lifted its stake in shares of VanEck CLO ETF (NYSEARCA:CLOI – Free Report) by 79.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,145 shares of the company’s stock after purchasing an additional 25,770 shares during the quarter. VanEck CLO ETF accounts for about 2.6% of Peck Wealth Management LLC’s portfolio, making the stock its 9th largest position. Peck Wealth Management LLC owned about 0.17% of VanEck CLO ETF worth $3,080,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Assets Advisory LLC acquired a new position in shares of VanEck CLO ETF in the third quarter valued at approximately $487,000. Fusion Capital LLC increased its position in shares of VanEck CLO ETF by 502.8% during the third quarter. Fusion Capital LLC now owns 204,094 shares of the company’s stock worth $10,811,000 after buying an additional 170,239 shares during the period. Convergence Financial LLC acquired a new stake in shares of VanEck CLO ETF during the third quarter worth $475,000. Oppenheimer & Co. Inc. bought a new position in VanEck CLO ETF during the third quarter worth $402,000. Finally, WESPAC Advisors LLC bought a new position in VanEck CLO ETF during the third quarter worth $549,000.
VanEck CLO ETF Stock Down 0.4%
Shares of CLOI opened at $52.78 on Tuesday. The firm’s fifty day simple moving average is $52.89 and its two-hundred day simple moving average is $52.82. VanEck CLO ETF has a 12 month low of $52.36 and a 12 month high of $53.07.
VanEck CLO ETF 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.
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