Sentinel Pension Advisors LLC Trims Stock Position in VanEck CLO ETF $CLOI

Sentinel Pension Advisors LLC cut its holdings in VanEck CLO ETF (NYSEARCA:CLOI) by 19.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 124,693 shares of the company’s stock after selling 30,065 shares during the period. VanEck CLO ETF accounts for about 1.0% of Sentinel Pension Advisors LLC’s portfolio, making the stock its 20th largest holding. Sentinel Pension Advisors LLC owned approximately 0.50% of VanEck CLO ETF worth $6,585,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Independence Asset Advisors LLC raised its position in VanEck CLO ETF by 43.0% in the third quarter. Independence Asset Advisors LLC now owns 1,572,716 shares of the company’s stock valued at $83,507,000 after purchasing an additional 473,096 shares during the period. Ocean Park Asset Management LLC purchased a new position in shares of VanEck CLO ETF during the 3rd quarter worth $14,077,000. Darwin Wealth Management LLC purchased a new position in shares of VanEck CLO ETF during the 2nd quarter worth $13,048,000. Moneta Group Investment Advisors LLC acquired a new stake in shares of VanEck CLO ETF during the 3rd quarter worth about $11,647,000. Finally, Sax Wealth Advisors LLC increased its position in shares of VanEck CLO ETF by 130.1% during the 3rd quarter. Sax Wealth Advisors LLC now owns 266,129 shares of the company’s stock worth $14,131,000 after purchasing an additional 150,449 shares during the last quarter.

VanEck CLO ETF Stock Performance

Shares of CLOI opened at $52.64 on Thursday. The company’s 50-day moving average price is $52.79 and its 200 day moving average price is $52.87. VanEck CLO ETF has a 12-month low of $50.12 and a 12-month high of $53.15.

VanEck CLO ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.2002 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, March 2nd.

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.