MONECO Advisors LLC Buys Shares of 5,934 VanEck CLO ETF (NYSEARCA:CLOI)

MONECO Advisors LLC purchased a new position in VanEck CLO ETF (NYSEARCA:CLOI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,934 shares of the company’s stock, valued at approximately $313,000.

Other hedge funds also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new stake in shares of VanEck CLO ETF in the third quarter worth about $53,000. Continuum Advisory LLC acquired a new stake in shares of VanEck CLO ETF during the 3rd quarter worth approximately $131,000. Centaurus Financial Inc. acquired a new stake in VanEck CLO ETF during the third quarter worth $136,000. B. Riley Wealth Advisors Inc. bought a new stake in VanEck CLO ETF in the third quarter valued at about $205,000. Finally, Synovus Financial Corp bought a new stake in shares of VanEck CLO ETF in the 3rd quarter valued at approximately $210,000.

VanEck CLO ETF Price Performance

Shares of NYSEARCA CLOI opened at $53.07 on Tuesday. VanEck CLO ETF has a 52-week low of $52.33 and a 52-week high of $53.21. The business has a fifty day moving average of $52.99 and a two-hundred day moving average of $52.95.

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.