Envestnet Portfolio Solutions Inc. Sells 32,287 Shares of VanEck CLO ETF (NYSEARCA:CLOI)

Envestnet Portfolio Solutions Inc. decreased its position in VanEck CLO ETF (NYSEARCA:CLOI) by 66.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,511 shares of the company’s stock after selling 32,287 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 0.27% of VanEck CLO ETF worth $871,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Redhawk Wealth Advisors Inc. bought a new stake in shares of VanEck CLO ETF in the 4th quarter worth approximately $49,816,000. Capital Investment Advisors LLC boosted its holdings in VanEck CLO ETF by 53.2% in the fourth quarter. Capital Investment Advisors LLC now owns 926,487 shares of the company’s stock worth $48,891,000 after acquiring an additional 321,765 shares in the last quarter. Gradient Investments LLC grew its stake in shares of VanEck CLO ETF by 6.8% in the fourth quarter. Gradient Investments LLC now owns 258,662 shares of the company’s stock worth $13,650,000 after acquiring an additional 16,472 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of VanEck CLO ETF during the fourth quarter valued at $12,206,000. Finally, Brookstone Capital Management purchased a new position in shares of VanEck CLO ETF in the 4th quarter worth about $12,051,000.

VanEck CLO ETF Price Performance

Shares of CLOI stock opened at $52.68 on Monday. VanEck CLO ETF has a one year low of $52.51 and a one year high of $53.21. The company’s 50-day moving average is $52.99 and its 200 day moving average is $52.96.

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.