BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Shares Up 0.1% – Should You Buy?

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM)’s stock price traded up 0.1% during trading on Wednesday. The stock traded as high as $50.09 and last traded at $50.03. Approximately 114,677 shares were traded during trading, an increase of 176% from the average session volume of 41,543 shares. The stock had previously closed at $50.00.

BondBloxx Private Credit CLO ETF Price Performance

The company’s 50 day simple moving average is $49.82 and its 200-day simple moving average is $49.68.

Hedge Funds Weigh In On BondBloxx Private Credit CLO ETF

Several hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in shares of BondBloxx Private Credit CLO ETF by 19.9% during the second quarter. Envestnet Asset Management Inc. now owns 237,363 shares of the company’s stock worth $11,838,000 after purchasing an additional 39,451 shares during the last quarter. NewEdge Wealth LLC boosted its position in BondBloxx Private Credit CLO ETF by 6.3% in the 1st quarter. NewEdge Wealth LLC now owns 96,500 shares of the company’s stock valued at $4,745,000 after buying an additional 5,705 shares during the period. WT Wealth Management grew its stake in BondBloxx Private Credit CLO ETF by 139.5% in the 1st quarter. WT Wealth Management now owns 85,169 shares of the company’s stock worth $4,188,000 after acquiring an additional 49,608 shares in the last quarter. Mattson Financial Services LLC increased its position in shares of BondBloxx Private Credit CLO ETF by 15.4% during the fourth quarter. Mattson Financial Services LLC now owns 76,360 shares of the company’s stock worth $3,827,000 after acquiring an additional 10,215 shares during the period. Finally, Balance Wealth LLC increased its position in shares of BondBloxx Private Credit CLO ETF by 2.7% during the first quarter. Balance Wealth LLC now owns 58,781 shares of the company’s stock worth $2,890,000 after acquiring an additional 1,542 shares during the period.

BondBloxx Private Credit CLO ETF Company Profile

The BondBloxx Private Credit CLO ETF (PCMM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that seeks capital preservation and current income. The fund invests in a pool of loans to private, middle market companies PCMM was launched on Dec 2, 2024 and is issued by BondBloxx.