iShares AAA CLO Active ETF (NASDAQ:CLOA) Trading Up 0.1% – Here’s Why

iShares AAA CLO Active ETF (NASDAQ:CLOA) rose 0.1% during mid-day trading on Friday . The company traded as high as $51.93 and last traded at $51.92. Approximately 334,326 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 518,901 shares. The stock had previously closed at $51.87.

iShares AAA CLO Active ETF Trading Up 0.1%

The company has a fifty day moving average price of $51.87 and a 200 day moving average price of $51.84.

iShares AAA CLO Active ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.196 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.5%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Landing Point Financial Group LLC increased its holdings in shares of iShares AAA CLO Active ETF by 6.0% in the 4th quarter. Landing Point Financial Group LLC now owns 270,956 shares of the company’s stock worth $14,021,000 after acquiring an additional 15,235 shares during the period. Janney Montgomery Scott LLC lifted its position in iShares AAA CLO Active ETF by 73.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,865 shares of the company’s stock valued at $771,000 after purchasing an additional 6,308 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in iShares AAA CLO Active ETF during the 1st quarter valued at about $307,000. Icon Wealth Advisors LLC boosted its stake in iShares AAA CLO Active ETF by 30.4% during the 4th quarter. Icon Wealth Advisors LLC now owns 11,315 shares of the company’s stock valued at $585,000 after purchasing an additional 2,637 shares during the period. Finally, Huntington National Bank grew its position in iShares AAA CLO Active ETF by 22.5% in the 4th quarter. Huntington National Bank now owns 3,176 shares of the company’s stock worth $164,000 after purchasing an additional 583 shares during the last quarter.

iShares AAA CLO Active ETF Company Profile

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.