VanEck CLO ETF (NYSEARCA:CLOI) Stake Lessened by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lessened its stake in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 23.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,617 shares of the company’s stock after selling 482 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in VanEck CLO ETF were worth $85,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors increased its position in shares of VanEck CLO ETF by 29.8% during the 4th quarter. Arkadios Wealth Advisors now owns 7,439 shares of the company’s stock valued at $393,000 after purchasing an additional 1,708 shares during the period. Geneos Wealth Management Inc. acquired a new position in VanEck CLO ETF during the fourth quarter worth about $506,000. Beaumont Financial Advisors LLC lifted its holdings in VanEck CLO ETF by 50.9% in the 4th quarter. Beaumont Financial Advisors LLC now owns 214,635 shares of the company’s stock valued at $11,326,000 after acquiring an additional 72,356 shares during the last quarter. Lowe Wealth Advisors LLC boosted its position in shares of VanEck CLO ETF by 3,588.5% during the 4th quarter. Lowe Wealth Advisors LLC now owns 4,832 shares of the company’s stock valued at $255,000 after purchasing an additional 4,701 shares in the last quarter. Finally, Arete Wealth Advisors LLC boosted its position in shares of VanEck CLO ETF by 44.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 19,162 shares of the company’s stock valued at $1,016,000 after purchasing an additional 5,880 shares in the last quarter.

VanEck CLO ETF Trading Down 0.7 %

NYSEARCA CLOI opened at $51.69 on Wednesday. VanEck CLO ETF has a 12 month low of $50.12 and a 12 month high of $53.21. The company’s 50 day simple moving average is $52.84 and its 200 day simple moving average is $52.92.

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.