Independence Asset Advisors LLC Has $45.58 Million Holdings in VanEck AA-BB CLO ETF $CLOB

Independence Asset Advisors LLC increased its stake in shares of VanEck AA-BB CLO ETF (NYSEARCA:CLOB) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 911,773 shares of the company’s stock after buying an additional 16,237 shares during the quarter. VanEck AA-BB CLO ETF comprises approximately 16.5% of Independence Asset Advisors LLC’s investment portfolio, making the stock its 3rd biggest position. Independence Asset Advisors LLC owned about 28.49% of VanEck AA-BB CLO ETF worth $45,575,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CLOB. Syon Capital LLC acquired a new position in VanEck AA-BB CLO ETF in the 4th quarter valued at $831,000. Employees Retirement Fund of the City of Fort Worth acquired a new stake in shares of VanEck AA-BB CLO ETF during the 4th quarter worth $1,986,000. Diversified Portfolios Inc. acquired a new stake in shares of VanEck AA-BB CLO ETF during the 4th quarter worth $827,000. Axxcess Wealth Management LLC bought a new position in shares of VanEck AA-BB CLO ETF in the fourth quarter worth $8,031,000. Finally, L & S Advisors Inc increased its position in shares of VanEck AA-BB CLO ETF by 320.8% in the fourth quarter. L & S Advisors Inc now owns 140,445 shares of the company’s stock worth $7,116,000 after purchasing an additional 107,073 shares during the period.

VanEck AA-BB CLO ETF Price Performance

CLOB stock opened at $50.51 on Monday. The business has a 50-day simple moving average of $50.41 and a 200 day simple moving average of $50.45. VanEck AA-BB CLO ETF has a 52 week low of $49.28 and a 52 week high of $51.17.

VanEck AA-BB CLO ETF Company Profile

The VanEck AA-BB CLO ETF (CLOB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in collateralized loan obligations (CLOs) of any maturity that are rated between AA+ and BB-. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency. CLOB was launched on Sep 24, 2024 and is issued by VanEck.