Tidal Investments LLC Purchases New Position in VanEck CLO ETF $CLOI

Tidal Investments LLC acquired a new position in VanEck CLO ETF (NYSEARCA:CLOI) during the 2nd quarter, HoldingsChannel reports. The fund acquired 53,838 shares of the company’s stock, valued at approximately $2,851,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Independence Asset Advisors LLC boosted its holdings in VanEck CLO ETF by 17.2% during the first quarter. Independence Asset Advisors LLC now owns 1,863,451 shares of the company’s stock worth $98,203,000 after buying an additional 273,532 shares in the last quarter. Sax Wealth Advisors LLC increased its holdings in VanEck CLO ETF by 11.3% in the second quarter. Sax Wealth Advisors LLC now owns 400,699 shares of the company’s stock valued at $21,117,000 after buying an additional 40,627 shares in the last quarter. HighTower Advisors LLC raised its position in shares of VanEck CLO ETF by 2.1% in the fourth quarter. HighTower Advisors LLC now owns 321,035 shares of the company’s stock worth $16,954,000 after acquiring an additional 6,703 shares during the period. Gradient Investments LLC boosted its stake in shares of VanEck CLO ETF by 2.6% during the 2nd quarter. Gradient Investments LLC now owns 275,289 shares of the company’s stock worth $14,577,000 after acquiring an additional 6,992 shares in the last quarter. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of VanEck CLO ETF during the 4th quarter worth about $13,582,000.

VanEck CLO ETF Price Performance

Shares of CLOI opened at $52.89 on Wednesday. VanEck CLO ETF has a 12 month low of $52.36 and a 12 month high of $53.15. The stock’s 50 day moving average is $52.87 and its two-hundred day moving average is $52.78.

VanEck CLO ETF 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.