VanEck CLO ETF $CLOI Stake Raised by Independence Asset Advisors LLC

Independence Asset Advisors LLC increased its holdings in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 17.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,863,451 shares of the company’s stock after acquiring an additional 273,532 shares during the period. VanEck CLO ETF makes up about 35.5% of Independence Asset Advisors LLC’s portfolio, making the stock its largest holding. Independence Asset Advisors LLC owned 7.48% of VanEck CLO ETF worth $98,203,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CLOI. Wells Fargo & Company MN acquired a new stake in VanEck CLO ETF in the fourth quarter valued at approximately $37,000. Raleigh Capital Management Inc. acquired a new stake in VanEck CLO ETF in the 4th quarter valued at $43,000. NBC Securities Inc. purchased a new stake in VanEck CLO ETF in the 4th quarter worth $61,000. Capital Investment Advisory Services LLC purchased a new stake in VanEck CLO ETF in the 4th quarter worth $68,000. Finally, Sound Income Strategies LLC acquired a new position in VanEck CLO ETF during the fourth quarter worth $100,000.

VanEck CLO ETF Price Performance

CLOI opened at $52.93 on Monday. The firm’s fifty day simple moving average is $52.83 and its two-hundred day simple moving average is $52.80. VanEck CLO ETF has a 52-week low of $52.36 and a 52-week high of $53.15.

VanEck CLO ETF Company 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.