BondBloxx Private Credit CLO ETF (PCMM) to Issue Monthly Dividend of $0.28 on May 6th

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) announced a monthly dividend on Friday, May 1st, NASDAQ Dividends reports. Investors of record on Friday, May 1st will be paid a dividend of 0.2791 per share on Wednesday, May 6th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Friday, May 1st. This is a 20.4% increase from BondBloxx Private Credit CLO ETF’s previous monthly dividend of $0.23.

BondBloxx Private Credit CLO ETF Stock Down 0.6%

Shares of NASDAQ:PCMM opened at $49.46 on Friday. BondBloxx Private Credit CLO ETF has a fifty-two week low of $48.86 and a fifty-two week high of $51.72. The firm has a 50-day simple moving average of $49.58 and a 200 day simple moving average of $50.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Lake Street Private Wealth LLC boosted its stake in BondBloxx Private Credit CLO ETF by 1.4% during the 4th quarter. Lake Street Private Wealth LLC now owns 14,981 shares of the company’s stock valued at $751,000 after purchasing an additional 207 shares during the period. Heck Capital Advisors LLC boosted its stake in BondBloxx Private Credit CLO ETF by 9.9% during the 4th quarter. Heck Capital Advisors LLC now owns 5,912 shares of the company’s stock valued at $297,000 after purchasing an additional 535 shares during the period. Stratos Investment Management LLC boosted its stake in BondBloxx Private Credit CLO ETF by 5.1% during the 4th quarter. Stratos Investment Management LLC now owns 12,429 shares of the company’s stock valued at $623,000 after purchasing an additional 599 shares during the period. CWM LLC acquired a new position in BondBloxx Private Credit CLO ETF during the 3rd quarter valued at about $34,000. Finally, Avaii Wealth Management LLC boosted its stake in BondBloxx Private Credit CLO ETF by 18.1% during the 4th quarter. Avaii Wealth Management LLC now owns 5,206 shares of the company’s stock valued at $261,000 after purchasing an additional 798 shares during the period.

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.