Jones Financial Companies Lllp Raises Stock Holdings in VanEck CLO ETF $CLOI

Jones Financial Companies Lllp increased its stake in VanEck CLO ETF (NYSEARCA:CLOI) by 225.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,418 shares of the company’s stock after purchasing an additional 59,188 shares during the period. Jones Financial Companies Lllp owned approximately 0.36% of VanEck CLO ETF worth $4,535,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC lifted its position in VanEck CLO ETF by 177.6% during the third quarter. CWM LLC now owns 705 shares of the company’s stock valued at $37,000 after purchasing an additional 451 shares during the last quarter. Private Trust Co. NA purchased a new stake in shares of VanEck CLO ETF during the 2nd quarter valued at $66,000. Creekside Partners bought a new stake in shares of VanEck CLO ETF during the 2nd quarter worth $209,000. Ascension Capital Advisors Inc. bought a new stake in shares of VanEck CLO ETF during the 2nd quarter worth $214,000. Finally, Discipline Wealth Solutions LLC purchased a new position in VanEck CLO ETF in the third quarter worth $259,000.

VanEck CLO ETF Price Performance

CLOI opened at $52.87 on Friday. The business’s fifty day simple moving average is $52.89 and its 200 day simple moving average is $52.93. VanEck CLO ETF has a 52 week low of $50.12 and a 52 week high of $53.15.

VanEck CLO ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.2334 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 5.3%.

About VanEck CLO ETF

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. CLOI was launched on Jun 21, 2022 and is managed by VanEck.