Tandem Financial LLC Takes $5.82 Million Position in VanEck CLO ETF $CLOI

Tandem Financial LLC bought a new position in shares of VanEck CLO ETF (NYSEARCA:CLOI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 109,657 shares of the company’s stock, valued at approximately $5,823,000. VanEck CLO ETF comprises about 2.2% of Tandem Financial LLC’s holdings, making the stock its 12th largest position. Tandem Financial LLC owned 0.46% of VanEck CLO ETF at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Symphony Financial Ltd. Co. raised its position in shares of VanEck CLO ETF by 2.0% in the 3rd quarter. Symphony Financial Ltd. Co. now owns 12,383 shares of the company’s stock worth $657,000 after acquiring an additional 238 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in VanEck CLO ETF by 4.9% in the third quarter. Arkadios Wealth Advisors now owns 5,244 shares of the company’s stock worth $278,000 after purchasing an additional 243 shares in the last quarter. Wealth Watch Advisors INC lifted its stake in VanEck CLO ETF by 5.6% in the second quarter. Wealth Watch Advisors INC now owns 6,012 shares of the company’s stock valued at $318,000 after buying an additional 319 shares during the period. Rovin Capital UT ADV boosted its holdings in shares of VanEck CLO ETF by 2.2% during the 3rd quarter. Rovin Capital UT ADV now owns 17,285 shares of the company’s stock worth $918,000 after buying an additional 372 shares in the last quarter. Finally, CWM LLC grew its position in shares of VanEck CLO ETF by 177.6% during the 3rd quarter. CWM LLC now owns 705 shares of the company’s stock worth $37,000 after buying an additional 451 shares during the period.

VanEck CLO ETF Stock Up 0.0%

CLOI stock opened at $53.02 on Tuesday. The stock’s 50 day simple moving average is $52.89 and its 200 day simple moving average is $52.93. VanEck CLO ETF has a fifty-two week low of $50.12 and a fifty-two week 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.