LPL Financial LLC lessened its stake in shares of VanEck CLO ETF (NYSEARCA:CLOI – Free Report) by 12.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 598,721 shares of the company’s stock after selling 88,011 shares during the quarter. LPL Financial LLC owned 9.82% of VanEck CLO ETF worth $31,696,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of CLOI. Balboa Wealth Partners purchased a new position in shares of VanEck CLO ETF during the 4th quarter valued at approximately $625,000. Orion Portfolio Solutions LLC acquired a new stake in VanEck CLO ETF in the fourth quarter worth approximately $37,237,000. Harvest Investment Services LLC boosted its stake in VanEck CLO ETF by 379.4% during the fourth quarter. Harvest Investment Services LLC now owns 33,136 shares of the company’s stock valued at $1,727,000 after buying an additional 26,224 shares in the last quarter. Adams Wealth Management boosted its position in shares of VanEck CLO ETF by 11.0% during the 4th quarter. Adams Wealth Management now owns 24,107 shares of the company’s stock valued at $1,257,000 after purchasing an additional 2,387 shares in the last quarter. Finally, Trademark Financial Management LLC acquired a new position in VanEck CLO ETF in the fourth quarter worth approximately $370,000.
VanEck CLO ETF Price Performance
Shares of CLOI opened at $52.88 on Tuesday. VanEck CLO ETF has a 1-year low of $51.88 and a 1-year high of $53.03. The business’s 50-day moving average price is $52.86 and its 200 day moving average price is $52.78.
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.
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