iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Strong Trading Volume – Still a Buy?

iShares AAA CLO Active ETF (NASDAQ:CLOA) shares saw unusually-strong trading volume on Tuesday. 616,734 shares traded hands during trading, an increase of 12% from the previous session’s volume of 548,348 shares. The stock last traded at $51.7750 and had previously closed at $51.78.

iShares AAA CLO Active ETF Stock Up 0.1%

The business’s 50 day moving average is $51.88 and its 200-day moving average is $51.86.

iShares AAA CLO Active ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.2022 dividend. This is a decrease from iShares AAA CLO Active ETF’s previous monthly dividend of $0.2132. This represents a $2.43 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, October 1st.

Institutional Investors Weigh In On iShares AAA CLO Active ETF

Institutional investors have recently modified their holdings of the business. Bulwark Capital Corp boosted its position in iShares AAA CLO Active ETF by 39.4% during the 2nd quarter. Bulwark Capital Corp now owns 98,567 shares of the company’s stock valued at $5,117,000 after purchasing an additional 27,872 shares during the period. Markowski Investments acquired a new position in shares of iShares AAA CLO Active ETF during the second quarter valued at $200,000. Kickstand Ventures LLC. increased its stake in shares of iShares AAA CLO Active ETF by 2.9% in the second quarter. Kickstand Ventures LLC. now owns 128,098 shares of the company’s stock valued at $6,650,000 after purchasing an additional 3,559 shares during the period. Trust Co. of Vermont bought a new stake in shares of iShares AAA CLO Active ETF in the 2nd quarter worth $68,000. Finally, Arkadios Wealth Advisors lifted its holdings in shares of iShares AAA CLO Active ETF by 36.1% in the first quarter. Arkadios Wealth Advisors now owns 15,664 shares of the company’s stock valued at $812,000 after buying an additional 4,152 shares during the period.

iShares AAA CLO Active ETF Company Profile

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.