Sax Wealth Advisors LLC Buys 150,449 Shares of VanEck CLO ETF $CLOI

Sax Wealth Advisors LLC lifted its stake in VanEck CLO ETF (NYSEARCA:CLOI) by 130.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 266,129 shares of the company’s stock after purchasing an additional 150,449 shares during the period. VanEck CLO ETF accounts for about 0.8% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Sax Wealth Advisors LLC owned about 1.14% of VanEck CLO ETF worth $14,131,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Investment Advisors LLC raised its stake in VanEck CLO ETF by 14.7% in the second quarter. Capital Investment Advisors LLC now owns 1,286,977 shares of the company’s stock worth $68,145,000 after buying an additional 164,457 shares in the last quarter. Independence Asset Advisors LLC grew its holdings in shares of VanEck CLO ETF by 547.6% during the 2nd quarter. Independence Asset Advisors LLC now owns 1,099,620 shares of the company’s stock worth $58,218,000 after acquiring an additional 929,812 shares during the period. TRUE Private Wealth Advisors raised its position in shares of VanEck CLO ETF by 4.1% in the 2nd quarter. TRUE Private Wealth Advisors now owns 360,791 shares of the company’s stock worth $19,104,000 after acquiring an additional 14,066 shares in the last quarter. Ferguson Shapiro LLC lifted its stake in shares of VanEck CLO ETF by 98.2% in the 2nd quarter. Ferguson Shapiro LLC now owns 323,062 shares of the company’s stock valued at $17,106,000 after purchasing an additional 160,052 shares during the period. Finally, WealthPlan Investment Management LLC lifted its stake in shares of VanEck CLO ETF by 21.0% in the 2nd quarter. WealthPlan Investment Management LLC now owns 312,471 shares of the company’s stock valued at $16,545,000 after purchasing an additional 54,179 shares during the period.

VanEck CLO ETF Stock Up 0.1%

Shares of CLOI stock opened at $52.82 on Wednesday. The business’s fifty day moving average is $52.92 and its 200 day moving average is $52.93. VanEck CLO ETF has a twelve month low of $50.12 and a twelve month high of $53.20.

VanEck CLO ETF 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. CLOI was launched on Jun 21, 2022 and is managed by VanEck.