Thrivent Financial for Lutherans Makes New $766,000 Investment in VanEck CLO ETF (NYSEARCA:CLOI)

Thrivent Financial for Lutherans purchased a new stake in VanEck CLO ETF (NYSEARCA:CLOI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,507 shares of the company’s stock, valued at approximately $766,000. Thrivent Financial for Lutherans owned approximately 0.24% of VanEck CLO ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CLOI. Continuum Advisory LLC acquired a new stake in VanEck CLO ETF during the third quarter worth about $131,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of VanEck CLO ETF in the 3rd quarter valued at approximately $205,000. Synovus Financial Corp acquired a new stake in shares of VanEck CLO ETF during the 3rd quarter worth approximately $210,000. Avantax Advisory Services Inc. acquired a new stake in shares of VanEck CLO ETF during the 4th quarter worth approximately $236,000. Finally, Sheets Smith Wealth Management raised its position in shares of VanEck CLO ETF by 12.5% during the 4th quarter. Sheets Smith Wealth Management now owns 4,500 shares of the company’s stock valued at $237,000 after buying an additional 500 shares during the period.

VanEck CLO ETF Trading Down 0.3 %

Shares of VanEck CLO ETF stock opened at $52.74 on Thursday. The stock has a 50 day moving average of $52.96 and a 200 day moving average of $52.96. VanEck CLO ETF has a fifty-two week low of $52.52 and a fifty-two week high of $53.21.

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.