VanEck CLO ETF $CLOI Stock Position Increased by Maridea Wealth Management LLC

Maridea Wealth Management LLC raised its holdings in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 25.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 167,948 shares of the company’s stock after buying an additional 33,701 shares during the period. VanEck CLO ETF comprises approximately 1.4% of Maridea Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. Maridea Wealth Management LLC owned approximately 0.71% of VanEck CLO ETF worth $8,893,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. CWM LLC increased its holdings in VanEck CLO ETF by 177.6% in the third quarter. CWM LLC now owns 705 shares of the company’s stock worth $37,000 after buying an additional 451 shares during the last quarter. Private Trust Co. NA bought a new stake in VanEck CLO ETF in the second quarter valued at $66,000. Clear Investment Research LLC bought a new position in VanEck CLO ETF during the 3rd quarter valued at about $89,000. Ascension Capital Advisors Inc. acquired a new position in shares of VanEck CLO ETF in the 2nd quarter worth approximately $214,000. Finally, Discipline Wealth Solutions LLC bought a new stake in shares of VanEck CLO ETF during the third quarter worth $259,000.

VanEck CLO ETF Stock Performance

CLOI stock opened at $52.90 on Wednesday. VanEck CLO ETF has a twelve month low of $50.12 and a twelve month high of $53.15. The business has a fifty day moving average of $52.90 and a 200-day moving average of $52.92.

VanEck CLO ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.2334 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 5.3%.

VanEck CLO ETF Company 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.