Beam Wealth Advisors Inc. reduced its position in VanEck CLO ETF (NYSEARCA:CLOI – Free Report) by 16.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,082 shares of the company’s stock after selling 2,114 shares during the quarter. Beam Wealth Advisors Inc.’s holdings in VanEck CLO ETF were worth $585,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CLOI. US Bancorp DE purchased a new stake in VanEck CLO ETF in the 3rd quarter worth about $1,022,000. Trademark Financial Management LLC increased its position in shares of VanEck CLO ETF by 7.8% during the third quarter. Trademark Financial Management LLC now owns 23,980 shares of the company’s stock worth $1,272,000 after acquiring an additional 1,731 shares during the period. TFB Advisors LLC purchased a new position in shares of VanEck CLO ETF during the third quarter worth approximately $252,000. SFG Wealth Management LLC. purchased a new position in shares of VanEck CLO ETF during the third quarter worth approximately $1,604,000. Finally, Assetmark Inc. increased its position in shares of VanEck CLO ETF by 12.7% during the third quarter. Assetmark Inc. now owns 169,029 shares of the company’s stock worth $8,965,000 after acquiring an additional 19,015 shares during the period.
VanEck CLO ETF Price Performance
Shares of CLOI stock opened at $52.86 on Friday. The company’s 50 day moving average is $52.98 and its 200 day moving average is $52.97. VanEck CLO ETF has a 52-week low of $52.44 and a 52-week high of $53.21.
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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