IFP Advisors Inc Purchases 928 Shares of VanEck CLO ETF $CLOI

IFP Advisors Inc grew its position in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,487 shares of the company’s stock after acquiring an additional 928 shares during the period. IFP Advisors Inc’s holdings in VanEck CLO ETF were worth $555,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Investment Advisors LLC raised its stake in shares of VanEck CLO ETF by 14.7% during the second quarter. Capital Investment Advisors LLC now owns 1,286,977 shares of the company’s stock valued at $68,145,000 after acquiring an additional 164,457 shares during the last quarter. LPL Financial LLC raised its stake in shares of VanEck CLO ETF by 50.0% during the first quarter. LPL Financial LLC now owns 1,283,259 shares of the company’s stock valued at $67,807,000 after acquiring an additional 427,476 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of VanEck CLO ETF by 601.6% during the first quarter. Envestnet Asset Management Inc. now owns 485,336 shares of the company’s stock valued at $25,645,000 after acquiring an additional 416,160 shares during the last quarter. Brookstone Capital Management raised its stake in shares of VanEck CLO ETF by 31.3% during the first quarter. Brookstone Capital Management now owns 299,903 shares of the company’s stock valued at $15,847,000 after acquiring an additional 71,529 shares during the last quarter. Finally, Gradient Investments LLC increased its position in shares of VanEck CLO ETF by 0.8% during the second quarter. Gradient Investments LLC now owns 277,737 shares of the company’s stock valued at $14,706,000 after buying an additional 2,132 shares during the period.

VanEck CLO ETF Trading Down 0.1%

Shares of NYSEARCA CLOI opened at $52.93 on Wednesday. VanEck CLO ETF has a 1 year low of $50.12 and a 1 year high of $53.21. The company’s 50-day moving average is $52.95 and its 200 day moving average is $52.80.

VanEck CLO ETF Company 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.