WealthPlan Investment Management LLC Has $14.90 Million Holdings in VanEck CLO ETF $CLOI

WealthPlan Investment Management LLC cut its holdings in VanEck CLO ETF (NYSEARCA:CLOI) by 12.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 282,187 shares of the company’s stock after selling 41,589 shares during the quarter. VanEck CLO ETF accounts for 0.9% of WealthPlan Investment Management LLC’s investment portfolio, making the stock its 25th biggest holding. WealthPlan Investment Management LLC’s holdings in VanEck CLO ETF were worth $14,902,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. Independence Asset Advisors LLC lifted its stake in VanEck CLO ETF by 1.1% in the fourth quarter. Independence Asset Advisors LLC now owns 1,589,919 shares of the company’s stock valued at $83,971,000 after buying an additional 17,203 shares during the period. Capital Investment Advisors LLC lifted its stake in VanEck CLO ETF by 9.0% in the fourth quarter. Capital Investment Advisors LLC now owns 1,563,732 shares of the company’s stock valued at $82,581,000 after buying an additional 129,592 shares during the period. Sax Wealth Advisors LLC lifted its stake in VanEck CLO ETF by 36.2% in the fourth quarter. Sax Wealth Advisors LLC now owns 362,439 shares of the company’s stock valued at $19,140,000 after buying an additional 96,310 shares during the period. HighTower Advisors LLC lifted its stake in VanEck CLO ETF by 4.2% in the third quarter. HighTower Advisors LLC now owns 314,332 shares of the company’s stock valued at $16,691,000 after buying an additional 12,619 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its stake in VanEck CLO ETF by 37.4% in the third quarter. Deseret Mutual Benefit Administrators now owns 291,247 shares of the company’s stock valued at $15,465,000 after buying an additional 79,257 shares during the period.

VanEck CLO ETF Price Performance

Shares of CLOI opened at $52.83 on Friday. VanEck CLO ETF has a 52-week low of $52.36 and a 52-week high of $53.15. The business’s 50 day moving average price is $52.64 and its two-hundred day moving average price is $52.80.

About VanEck CLO ETF

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.