Independence Asset Advisors LLC increased its holdings in VanEck CLO ETF (NYSEARCA:CLOI – Free Report) by 1,751.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 169,808 shares of the company’s stock after acquiring an additional 160,636 shares during the quarter. VanEck CLO ETF makes up about 29.1% of Independence Asset Advisors LLC’s investment portfolio, making the stock its largest position. Independence Asset Advisors LLC owned approximately 0.88% of VanEck CLO ETF worth $8,966,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. FWL Investment Management LLC purchased a new stake in shares of VanEck CLO ETF during the fourth quarter valued at about $52,000. Transce3nd LLC acquired a new position in shares of VanEck CLO ETF during the fourth quarter valued at about $57,000. FAS Wealth Partners Inc. increased its holdings in shares of VanEck CLO ETF by 27.9% during the fourth quarter. FAS Wealth Partners Inc. now owns 1,104 shares of the company’s stock valued at $58,000 after acquiring an additional 241 shares in the last quarter. GeoWealth Management LLC acquired a new position in shares of VanEck CLO ETF during the fourth quarter valued at about $61,000. Finally, Kiker Wealth Management LLC acquired a new position in shares of VanEck CLO ETF during the fourth quarter valued at about $73,000.
VanEck CLO ETF Price Performance
CLOI opened at $52.94 on Tuesday. VanEck CLO ETF has a 12-month low of $50.12 and a 12-month high of $53.21. The firm has a 50 day moving average of $52.73 and a two-hundred day moving average of $52.81.
VanEck CLO ETF Company 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.
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