iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Unusually-High Trading Volume – Here’s What Happened

iShares AAA CLO Active ETF (NASDAQ:CLOA) saw strong trading volume on Tuesday . 3,060,149 shares changed hands during trading, an increase of 513% from the previous session’s volume of 499,353 shares.The stock last traded at $51.82 and had previously closed at $51.80.

iShares AAA CLO Active ETF Stock Up 0.1%

The firm’s fifty day moving average price is $51.83 and its 200-day moving average price is $51.83.

iShares AAA CLO Active ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1876 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.3%.

Hedge Funds Weigh In On iShares AAA CLO Active ETF

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of iShares AAA CLO Active ETF by 708.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,145,717 shares of the company’s stock valued at $59,285,000 after acquiring an additional 1,003,933 shares during the last quarter. Captrust Financial Advisors raised its position in iShares AAA CLO Active ETF by 396.6% during the 4th quarter. Captrust Financial Advisors now owns 105,230 shares of the company’s stock valued at $5,445,000 after purchasing an additional 84,040 shares during the last quarter. United Capital Financial Advisors LLC bought a new position in iShares AAA CLO Active ETF during the 3rd quarter valued at approximately $2,543,000. Bulwark Capital Corp lifted its holdings in iShares AAA CLO Active ETF by 92.3% in the 4th quarter. Bulwark Capital Corp now owns 45,373 shares of the company’s stock worth $2,348,000 after buying an additional 21,782 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in iShares AAA CLO Active ETF in the 2nd quarter worth approximately $977,000.

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.