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

iShares AAA CLO Active ETF (NASDAQ:CLOA) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $52.12 and last traded at $51.99, with a volume of 4644 shares changing hands. The stock had previously closed at $51.98.

iShares AAA CLO Active ETF Price Performance

The stock has a 50-day simple moving average of $51.86 and a 200-day simple moving average of $51.85.

iShares AAA CLO Active ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.2682 dividend. The ex-dividend date of this dividend was Friday, November 1st.

Institutional Investors Weigh In On iShares AAA CLO Active ETF

Institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new stake in shares of iShares AAA CLO Active ETF in the 2nd quarter valued at approximately $60,000. LGT Financial Advisors LLC bought a new position in iShares AAA CLO Active ETF during the 2nd quarter worth $114,000. Chris Bulman Inc bought a new position in iShares AAA CLO Active ETF during the 2nd quarter worth $147,000. SigFig Wealth Management LLC bought a new position in iShares AAA CLO Active ETF during the 2nd quarter worth $237,000. Finally, Freestate Advisors LLC bought a new position in iShares AAA CLO Active ETF during the 3rd quarter worth $258,000.

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.