Independence Asset Advisors LLC grew its stake in shares of VanEck CLO ETF (NYSEARCA:CLOI – Free Report) by 43.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,572,716 shares of the company’s stock after buying an additional 473,096 shares during the period. VanEck CLO ETF makes up 35.4% of Independence Asset Advisors LLC’s portfolio, making the stock its biggest position. Independence Asset Advisors LLC owned approximately 6.66% of VanEck CLO ETF worth $83,507,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the stock. CWM LLC boosted its stake in VanEck CLO ETF by 177.6% during the 3rd quarter. CWM LLC now owns 705 shares of the company’s stock worth $37,000 after acquiring an additional 451 shares during the last quarter. Private Trust Co. NA bought a new position in shares of VanEck CLO ETF during the second quarter worth $66,000. Ameritas Advisory Services LLC acquired a new position in shares of VanEck CLO ETF in the 2nd quarter valued at $177,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of VanEck CLO ETF in the 2nd quarter valued at $200,000. Finally, Creekside Partners bought a new stake in shares of VanEck CLO ETF in the 2nd quarter valued at $209,000.
VanEck CLO ETF Stock Up 0.0%
Shares of VanEck CLO ETF stock opened at $53.05 on Wednesday. The stock’s fifty day simple moving average is $52.89 and its 200 day simple moving average is $52.93. VanEck CLO ETF has a 12 month low of $50.12 and a 12 month high of $53.20.
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.
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