iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Large Volume Increase – Time to Buy?

iShares AAA CLO Active ETF (NASDAQ:CLOA) saw an uptick in trading volume on Monday . 539,593 shares traded hands during trading, an increase of 60% from the previous session’s volume of 336,351 shares.The stock last traded at $51.7650 and had previously closed at $51.74.

iShares AAA CLO Active ETF Stock Performance

The firm has a 50 day moving average price of $51.83 and a 200 day moving average price of $51.84.

iShares AAA CLO Active ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were paid a dividend of $0.2148 per share. The ex-dividend date was Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

Institutional Trading of iShares AAA CLO Active ETF

Hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA acquired a new stake in iShares AAA CLO Active ETF during the 3rd quarter worth about $30,000. First Horizon Advisors Inc. boosted its stake in shares of iShares AAA CLO Active ETF by 51.7% in the second quarter. First Horizon Advisors Inc. now owns 581 shares of the company’s stock worth $30,000 after buying an additional 198 shares during the last quarter. Imprint Wealth LLC acquired a new stake in shares of iShares AAA CLO Active ETF during the 3rd quarter worth approximately $67,000. Huntington National Bank grew its stake in shares of iShares AAA CLO Active ETF by 30.5% during the 2nd quarter. Huntington National Bank now owns 2,593 shares of the company’s stock worth $135,000 after purchasing an additional 606 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of iShares AAA CLO Active ETF by 93.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,810 shares of the company’s stock valued at $198,000 after purchasing an additional 1,838 shares in the last quarter.

iShares AAA CLO Active ETF Company Profile

The BlackRock AAA CLO ETF (CLOA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated CLOs that are rated AAA. CLOA was launched on Jan 10, 2023 and is managed by BlackRock.