Avantax Advisory Services Inc. purchased a new stake in VanEck CLO ETF (NYSEARCA:CLOI – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,464 shares of the company’s stock, valued at approximately $236,000.
Other hedge funds and other institutional investors 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 valued at about $49,816,000. Capital Investment Advisors LLC lifted its position in shares of VanEck CLO ETF by 53.2% in the fourth quarter. Capital Investment Advisors LLC now owns 926,487 shares of the company’s stock valued at $48,891,000 after buying an additional 321,765 shares during the last quarter. Gradient Investments LLC lifted its position 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 valued at $13,650,000 after buying an additional 16,472 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of VanEck CLO ETF during the 4th quarter worth approximately $12,206,000. Finally, Brookstone Capital Management acquired a new position in shares of VanEck CLO ETF during the 4th quarter worth approximately $12,051,000.
VanEck CLO ETF Stock Down 0.1 %
Shares of VanEck CLO ETF stock opened at $52.72 on Thursday. The business has a fifty day simple moving average of $52.98 and a two-hundred day simple moving average of $52.96. VanEck CLO ETF has a 1 year low of $52.51 and a 1 year high of $53.21.
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.
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