iShares AAA CLO Active ETF (NASDAQ:CLOA) Reaches New 12-Month High – Still a Buy?

iShares AAA CLO Active ETF (NASDAQ:CLOA) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $52.05 and last traded at $52.0350, with a volume of 8048 shares traded. The stock had previously closed at $52.04.

iShares AAA CLO Active ETF Trading Down 0.0%

The firm’s 50 day simple moving average is $51.83 and its two-hundred day simple moving average is $51.84.

iShares AAA CLO Active ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were given a dividend of $0.2264 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. This is a boost from iShares AAA CLO Active ETF’s previous monthly dividend of $0.21.

Hedge Funds Weigh In On iShares AAA CLO Active ETF

A number of large investors have recently bought and sold shares of CLOA. Private Trust Co. NA bought a new position in shares of iShares AAA CLO Active ETF during the third quarter valued at approximately $30,000. First Horizon Advisors Inc. lifted its holdings in shares of iShares AAA CLO Active ETF by 51.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 581 shares of the company’s stock worth $30,000 after purchasing an additional 198 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in iShares AAA CLO Active ETF during the 4th quarter valued at approximately $31,000. Imprint Wealth LLC bought a new position in iShares AAA CLO Active ETF during the 3rd quarter worth $67,000. Finally, Kelleher Financial Advisors bought a new position in iShares AAA CLO Active ETF during the 4th quarter worth $112,000.

About iShares AAA CLO Active ETF

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.