Employees Retirement Fund of the City of Fort Worth Invests $1.99 Million in VanEck AA-BB CLO ETF $CLOB

Employees Retirement Fund of the City of Fort Worth bought a new position in shares of VanEck AA-BB CLO ETF (NYSEARCA:CLOB) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 39,200 shares of the company’s stock, valued at approximately $1,986,000. VanEck AA-BB CLO ETF makes up 0.9% of Employees Retirement Fund of the City of Fort Worth’s investment portfolio, making the stock its 20th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new position in shares of VanEck AA-BB CLO ETF in the 3rd quarter valued at $41,000. International Assets Investment Management LLC acquired a new stake in VanEck AA-BB CLO ETF during the 4th quarter worth $43,000. Tower Research Capital LLC TRC acquired a new stake in VanEck AA-BB CLO ETF during the 2nd quarter worth $84,000. Osaic Holdings Inc. acquired a new stake in VanEck AA-BB CLO ETF during the 2nd quarter worth $206,000. Finally, EP Wealth Advisors LLC acquired a new stake in VanEck AA-BB CLO ETF during the 2nd quarter worth $336,000.

VanEck AA-BB CLO ETF Stock Up 0.0%

Shares of VanEck AA-BB CLO ETF stock opened at $50.40 on Thursday. VanEck AA-BB CLO ETF has a 12 month low of $49.28 and a 12 month high of $51.17. The stock’s fifty day simple moving average is $50.27 and its 200 day simple moving average is $50.48.

About VanEck AA-BB CLO ETF

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.