L & S Advisors Inc Invests $458,000 in VanEck AA-BB CLO ETF (NYSEARCA:CLOB)

L & S Advisors Inc bought a new stake in shares of VanEck AA-BB CLO ETF (NYSEARCA:CLOB) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,040 shares of the company’s stock, valued at approximately $458,000.

Other hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in shares of VanEck AA-BB CLO ETF during the 3rd quarter valued at about $23,895,000. AlphaMark Advisors LLC purchased a new stake in shares of VanEck AA-BB CLO ETF in the fourth quarter worth about $106,000. Ferguson Shapiro LLC acquired a new stake in VanEck AA-BB CLO ETF during the fourth quarter worth about $2,920,000. Finally, VisionPoint Advisory Group LLC purchased a new position in VanEck AA-BB CLO ETF during the fourth quarter valued at approximately $324,000.

VanEck AA-BB CLO ETF Stock Performance

VanEck AA-BB CLO ETF stock opened at $50.64 on Monday. VanEck AA-BB CLO ETF has a 12 month low of $50.05 and a 12 month high of $51.10. The stock has a 50 day moving average of $50.85.

VanEck AA-BB CLO ETF 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.