Narwhal Capital Management Makes New Investment in VanEck CLO ETF $CLOI

Narwhal Capital Management purchased a new position in shares of VanEck CLO ETF (NYSEARCA:CLOI) during the third quarter, HoldingsChannel reports. The institutional investor purchased 13,381 shares of the company’s stock, valued at approximately $711,000.

Several other hedge funds have also made changes to their positions in CLOI. NewEdge Advisors LLC lifted its holdings in shares of VanEck CLO ETF by 264.4% during the 1st quarter. NewEdge Advisors LLC now owns 19,673 shares of the company’s stock worth $1,040,000 after acquiring an additional 14,275 shares during the period. Mattson Financial Services LLC increased its position in VanEck CLO ETF by 17.8% during the first quarter. Mattson Financial Services LLC now owns 2,905 shares of the company’s stock worth $153,000 after purchasing an additional 440 shares during the last quarter. Lowe Wealth Advisors LLC raised its stake in VanEck CLO ETF by 4.4% during the second quarter. Lowe Wealth Advisors LLC now owns 10,411 shares of the company’s stock worth $551,000 after purchasing an additional 442 shares during the period. Gradient Investments LLC raised its stake in VanEck CLO ETF by 0.8% during the second quarter. Gradient Investments LLC now owns 277,737 shares of the company’s stock worth $14,706,000 after purchasing an additional 2,132 shares during the period. Finally, Goldstone Financial Group LLC acquired a new position in shares of VanEck CLO ETF in the 2nd quarter valued at $215,000.

VanEck CLO ETF Trading Up 0.1%

Shares of VanEck CLO ETF stock opened at $52.83 on Friday. The business’s fifty day moving average price is $52.89 and its 200 day moving average price is $52.93. VanEck CLO ETF has a twelve month low of $50.12 and a twelve month high of $53.20.

About VanEck CLO ETF

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.