iShares AAA CLO Active ETF (NASDAQ:CLOA) Hits New 12-Month Low – Here’s Why

iShares AAA CLO Active ETF (NASDAQ:CLOA)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $51.42 and last traded at $51.50, with a volume of 73895 shares changing hands. The stock had previously closed at $51.59.

iShares AAA CLO Active ETF Price Performance

The firm has a fifty day moving average of $51.79 and a 200 day moving average of $51.82.

iShares AAA CLO Active ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.2462 per share. The ex-dividend date was Tuesday, April 1st. This represents a $2.95 annualized dividend and a dividend yield of 5.78%.

Institutional Investors Weigh In On iShares AAA CLO Active ETF

Hedge funds have recently modified their holdings of the company. Cary Street Partners Financial LLC acquired a new position in iShares AAA CLO Active ETF in the 4th quarter valued at about $1,631,000. Concourse Financial Group Securities Inc. raised its position in shares of iShares AAA CLO Active ETF by 13.0% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 83,782 shares of the company’s stock valued at $4,349,000 after buying an additional 9,659 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in iShares AAA CLO Active ETF in the fourth quarter valued at approximately $26,000. IFP Advisors Inc grew its position in iShares AAA CLO Active ETF by 1.3% in the fourth quarter. IFP Advisors Inc now owns 14,876 shares of the company’s stock worth $770,000 after acquiring an additional 194 shares during the period. Finally, PSI Advisors LLC increased its stake in iShares AAA CLO Active ETF by 76.2% during the fourth quarter. PSI Advisors LLC now owns 916 shares of the company’s stock worth $47,000 after acquiring an additional 396 shares during the last quarter.

About iShares AAA CLO Active ETF

The BlackRock AAA CLO ETF (CLOA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated CLOs that are rated AAA. CLOA was launched on Jan 10, 2023 and is managed by BlackRock.