Geneos Wealth Management Inc. lifted its stake in VanEck CLO ETF (NYSEARCA:CLOI – Free Report) by 24.7% in the first quarter, HoldingsChannel reports. The firm owned 195,715 shares of the company’s stock after purchasing an additional 38,797 shares during the period. Geneos Wealth Management Inc.’s holdings in VanEck CLO ETF were worth $10,314,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Portside Wealth Group LLC raised its holdings in VanEck CLO ETF by 5.5% during the 4th quarter. Portside Wealth Group LLC now owns 6,593 shares of the company’s stock worth $348,000 after buying an additional 345 shares during the period. Quest 10 Wealth Builders Inc. boosted its holdings in shares of VanEck CLO ETF by 8.1% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 4,744 shares of the company’s stock worth $251,000 after buying an additional 354 shares during the period. Mpwm Advisory Solutions LLC increased its position in shares of VanEck CLO ETF by 0.7% in the third quarter. Mpwm Advisory Solutions LLC now owns 52,784 shares of the company’s stock worth $2,803,000 after acquiring an additional 365 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of VanEck CLO ETF in the first quarter worth approximately $32,000. Finally, Wells Fargo & Company MN purchased a new position in shares of VanEck CLO ETF in the fourth quarter worth approximately $37,000.
VanEck CLO ETF Stock Performance
CLOI stock opened at $52.85 on Thursday. VanEck CLO ETF has a 52-week low of $52.36 and a 52-week high of $53.15. The company’s 50 day simple moving average is $52.85 and its 200-day simple moving average is $52.79.
VanEck CLO ETF Profile
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.
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