WealthPlan Investment Management LLC reduced its stake in VanEck CLO ETF (NYSEARCA:CLOI – Free Report) by 9.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,425 shares of the company’s stock after selling 16,684 shares during the quarter. WealthPlan Investment Management LLC owned 0.51% of VanEck CLO ETF worth $8,816,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Triumph Capital Management acquired a new stake in shares of VanEck CLO ETF in the 3rd quarter valued at about $291,000. MinichMacGregor Wealth Management LLC grew its holdings in shares of VanEck CLO ETF by 17.5% during the third quarter. MinichMacGregor Wealth Management LLC now owns 7,437 shares of the company’s stock worth $394,000 after buying an additional 1,107 shares in the last quarter. Boyce & Associates Wealth Consulting Inc. bought a new position in shares of VanEck CLO ETF during the third quarter worth about $5,051,000. Sax Wealth Advisors LLC raised its position in VanEck CLO ETF by 40.3% in the 3rd quarter. Sax Wealth Advisors LLC now owns 562,168 shares of the company’s stock valued at $29,778,000 after buying an additional 161,469 shares during the last quarter. Finally, GK Wealth Management LLC acquired a new stake in VanEck CLO ETF in the 3rd quarter valued at approximately $243,000.
VanEck CLO ETF Trading Up 0.0%
NYSEARCA CLOI traded up $0.03 during trading on Thursday, hitting $52.85. The stock had a trading volume of 116,627 shares, compared to its average volume of 257,346. The company’s 50-day moving average price is $52.88 and its two-hundred day moving average price is $52.83. VanEck CLO ETF has a 12 month low of $52.36 and a 12 month high of $53.10.
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.
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