Perennial Investment Advisors LLC Sells 3,580 Shares of VanEck CLO ETF (NYSEARCA:CLOI)

Perennial Investment Advisors LLC lessened its position in VanEck CLO ETF (NYSEARCA:CLOI) by 34.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,807 shares of the company’s stock after selling 3,580 shares during the period. Perennial Investment Advisors LLC’s holdings in VanEck CLO ETF were worth $360,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CLOI. Annapolis Financial Services LLC bought a new stake in VanEck CLO ETF in the 2nd quarter worth about $133,000. Arkadios Wealth Advisors bought a new stake in shares of VanEck CLO ETF in the second quarter worth approximately $227,000. Concurrent Investment Advisors LLC purchased a new position in shares of VanEck CLO ETF during the second quarter valued at approximately $251,000. Stonebridge Financial Planning Group LLC raised its holdings in shares of VanEck CLO ETF by 45.2% during the second quarter. Stonebridge Financial Planning Group LLC now owns 6,420 shares of the company’s stock valued at $340,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Trademark Financial Management LLC bought a new position in VanEck CLO ETF during the fourth quarter valued at approximately $370,000.

VanEck CLO ETF Stock Performance

Shares of CLOI stock opened at $52.93 on Wednesday. The firm’s 50 day moving average is $52.86 and its 200 day moving average is $52.78. VanEck CLO ETF has a 12-month low of $51.88 and a 12-month high of $53.03.

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.