Wealth Enhancement Advisory Services LLC Sells 152,971 Shares of VanEck CLO ETF $CLOI

Wealth Enhancement Advisory Services LLC reduced its holdings in VanEck CLO ETF (NYSEARCA:CLOIFree Report) by 88.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,849 shares of the company’s stock after selling 152,971 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in VanEck CLO ETF were worth $1,101,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in shares of VanEck CLO ETF by 264.4% in the 1st quarter. NewEdge Advisors LLC now owns 19,673 shares of the company’s stock valued at $1,040,000 after acquiring an additional 14,275 shares during the last quarter. Cresset Asset Management LLC purchased a new stake in VanEck CLO ETF during the second quarter valued at approximately $619,000. Flow Traders U.S. LLC bought a new stake in shares of VanEck CLO ETF in the 2nd quarter valued at approximately $765,000. Quantinno Capital Management LP bought a new stake in shares of VanEck CLO ETF in the 2nd quarter valued at approximately $400,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of VanEck CLO ETF in the 2nd quarter worth approximately $13,048,000.

VanEck CLO ETF Stock Performance

NYSEARCA:CLOI opened at $52.50 on Monday. The stock’s fifty day moving average is $52.74 and its 200 day moving average is $52.85. VanEck CLO ETF has a fifty-two week low of $50.12 and a fifty-two week high of $53.15.

VanEck CLO ETF Cuts Dividend

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

VanEck CLO ETF Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CLOI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck CLO ETF (NYSEARCA:CLOIFree Report).

Institutional Ownership by Quarter for VanEck CLO ETF (NYSEARCA:CLOI)

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