Diversified Portfolios Inc. Makes New $827,000 Investment in VanEck AA-BB CLO ETF $CLOB

Diversified Portfolios Inc. purchased a new position in VanEck AA-BB CLO ETF (NYSEARCA:CLOB) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 16,326 shares of the company’s stock, valued at approximately $827,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mpwm Advisory Solutions LLC acquired a new stake in VanEck AA-BB CLO ETF during the 3rd quarter valued at approximately $41,000. International Assets Investment Management LLC acquired a new stake in VanEck AA-BB CLO ETF during the 4th quarter valued at approximately $43,000. Tower Research Capital LLC TRC acquired a new stake in VanEck AA-BB CLO ETF during the 2nd quarter valued at approximately $84,000. Darwin Wealth Management LLC grew its stake in VanEck AA-BB CLO ETF by 2.0% during the 4th quarter. Darwin Wealth Management LLC now owns 159,453 shares of the company’s stock valued at $8,079,000 after purchasing an additional 3,119 shares in the last quarter. Finally, Osaic Holdings Inc. acquired a new stake in VanEck AA-BB CLO ETF during the 2nd quarter valued at approximately $206,000.

VanEck AA-BB CLO ETF Stock Performance

Shares of NYSEARCA CLOB opened at $50.58 on Tuesday. VanEck AA-BB CLO ETF has a fifty-two week low of $49.28 and a fifty-two week high of $51.17. The business has a 50 day moving average price of $50.14 and a two-hundred day moving average price of $50.51.

VanEck AA-BB CLO ETF Company Profile

The VanEck AA-BB CLO ETF (CLOB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in collateralized loan obligations (CLOs) of any maturity that are rated between AA+ and BB-. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency. CLOB was launched on Sep 24, 2024 and is issued by VanEck.