Independence Asset Advisors LLC Has $45.38 Million Stake in VanEck AA-BB CLO ETF $CLOB

Independence Asset Advisors LLC grew its stake in VanEck AA-BB CLO ETF (NYSEARCA:CLOB) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 895,536 shares of the company’s stock after purchasing an additional 13,508 shares during the period. VanEck AA-BB CLO ETF makes up about 25.0% of Independence Asset Advisors LLC’s portfolio, making the stock its 2nd biggest position. Independence Asset Advisors LLC owned about 27.14% of VanEck AA-BB CLO ETF worth $45,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Darwin Wealth Management LLC lifted its stake in shares of VanEck AA-BB CLO ETF by 2.0% in the 4th quarter. Darwin Wealth Management LLC now owns 159,453 shares of the company’s stock valued at $8,079,000 after purchasing an additional 3,119 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in shares of VanEck AA-BB CLO ETF in the 3rd quarter valued at approximately $41,000. Ferguson Shapiro LLC bought a new stake in shares of VanEck AA-BB CLO ETF in the 3rd quarter valued at approximately $493,000. Osaic Holdings Inc. bought a new stake in shares of VanEck AA-BB CLO ETF in the 2nd quarter valued at approximately $206,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of VanEck AA-BB CLO ETF in the 2nd quarter valued at approximately $84,000.

VanEck AA-BB CLO ETF Trading Down 0.2%

Shares of NYSEARCA CLOB opened at $50.39 on Friday. The business’s 50 day moving average price is $50.05 and its 200-day moving average price is $50.56. VanEck AA-BB CLO ETF has a fifty-two week low of $49.28 and a fifty-two week high of $51.17.

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. CLOB was launched on Sep 24, 2024 and is issued by VanEck.