Narwhal Capital Management Acquires New Holdings in VanEck CLO ETF $CLOI

Narwhal Capital Management bought a new stake in VanEck CLO ETF (NYSEARCA:CLOI) in the third quarter, Holdings Channel.com reports. The institutional investor bought 28,162 shares of the company’s stock, valued at approximately $1,492,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC acquired a new stake in shares of VanEck CLO ETF in the third quarter worth about $100,933,000. Gradient Investments LLC bought a new stake in shares of VanEck CLO ETF during the 3rd quarter worth about $14,470,000. Fusion Capital LLC increased its holdings in shares of VanEck CLO ETF by 502.8% during the 3rd quarter. Fusion Capital LLC now owns 204,094 shares of the company’s stock valued at $10,811,000 after acquiring an additional 170,239 shares during the last quarter. Sax Wealth Advisors LLC increased its holdings in shares of VanEck CLO ETF by 40.3% during the 3rd quarter. Sax Wealth Advisors LLC now owns 562,168 shares of the company’s stock valued at $29,778,000 after acquiring an additional 161,469 shares during the last quarter. Finally, Alpha Zero LLC acquired a new position in shares of VanEck CLO ETF during the 1st quarter valued at about $8,341,000.

VanEck CLO ETF Price Performance

Shares of CLOI stock opened at $52.85 on Wednesday. The stock’s 50 day simple moving average is $52.87 and its 200 day simple moving average is $52.82. VanEck CLO ETF has a twelve month low of $52.36 and a twelve month high of $53.07.

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.