iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Large Volume Increase – Should You Buy?

iShares AAA CLO Active ETF (NASDAQ:CLOA) saw unusually-strong trading volume on Wednesday . Approximately 141,053 shares traded hands during trading, an increase of 61% from the previous session’s volume of 87,353 shares.The stock last traded at $51.91 and had previously closed at $51.89.

iShares AAA CLO Active ETF Trading Up 0.0 %

The company has a 50 day moving average price of $51.84 and a 200 day moving average price of $51.84.

iShares AAA CLO Active ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.2682 dividend. The ex-dividend date was Friday, November 1st.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. First Horizon Advisors Inc. purchased a new position in iShares AAA CLO Active ETF in the second quarter worth $60,000. LGT Financial Advisors LLC purchased a new position in iShares AAA CLO Active ETF in the second quarter worth $114,000. Chris Bulman Inc purchased a new position in iShares AAA CLO Active ETF in the second quarter worth $147,000. SigFig Wealth Management LLC purchased a new position in iShares AAA CLO Active ETF in the second quarter worth $237,000. Finally, Freestate Advisors LLC purchased a new position in iShares AAA CLO Active ETF in the third quarter worth $258,000.

About iShares AAA CLO Active ETF

The BlackRock AAA CLO ETF (CLOA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated CLOs that are rated AAA. CLOA was launched on Jan 10, 2023 and is managed by BlackRock.