HighTower Advisors LLC Has $16.69 Million Position in VanEck CLO ETF $CLOI

HighTower Advisors LLC grew its stake in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 314,332 shares of the company’s stock after acquiring an additional 12,619 shares during the period. HighTower Advisors LLC owned 1.33% of VanEck CLO ETF worth $16,691,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Western Wealth Management LLC boosted its position in VanEck CLO ETF by 26.4% during the third quarter. Western Wealth Management LLC now owns 30,276 shares of the company’s stock valued at $1,608,000 after purchasing an additional 6,320 shares during the last quarter. Breakwater Capital Group raised its stake in shares of VanEck CLO ETF by 7.6% during the 3rd quarter. Breakwater Capital Group now owns 36,953 shares of the company’s stock worth $1,962,000 after purchasing an additional 2,618 shares in the last quarter. B.O.S.S. Retirement Advisors LLC lifted its holdings in shares of VanEck CLO ETF by 4.4% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 19,812 shares of the company’s stock valued at $1,052,000 after buying an additional 839 shares during the last quarter. Portside Wealth Group LLC grew its stake in shares of VanEck CLO ETF by 10.0% in the 3rd quarter. Portside Wealth Group LLC now owns 6,248 shares of the company’s stock valued at $332,000 after buying an additional 566 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its stake in shares of VanEck CLO ETF by 4.2% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 155,748 shares of the company’s stock valued at $8,270,000 after buying an additional 6,267 shares in the last quarter.

VanEck CLO ETF Stock Up 0.1%

Shares of CLOI opened at $52.95 on Friday. The firm’s 50 day moving average price is $52.90 and its 200 day moving average price is $52.92. VanEck CLO ETF has a twelve month low of $50.12 and a twelve month high of $53.15.

VanEck CLO ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.2334 dividend. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, February 2nd.

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.