iShares AAA CLO Active ETF (NASDAQ:CLOA) Stock Price Pass Above 200-Day Moving Average – Here’s Why

iShares AAA CLO Active ETF (NASDAQ:CLOA) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $51.85 and traded as high as $51.85. iShares AAA CLO Active ETF shares last traded at $51.82, with a volume of 76,456 shares.

iShares AAA CLO Active ETF Stock Performance

The business’s 50 day simple moving average is $51.84 and its 200 day simple moving average is $51.85.

iShares AAA CLO Active ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.2605 per share. The ex-dividend date was Monday, December 2nd.

Hedge Funds Weigh In On iShares AAA CLO Active ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLOA. First Horizon Advisors Inc. purchased a new stake in shares of iShares AAA CLO Active ETF in the second quarter valued at $60,000. LGT Financial Advisors LLC acquired a new stake in iShares AAA CLO Active ETF during the 2nd quarter worth about $114,000. Chris Bulman Inc purchased a new position in iShares AAA CLO Active ETF during the 2nd quarter valued at about $147,000. SigFig Wealth Management LLC purchased a new position in iShares AAA CLO Active ETF during the 2nd quarter valued at about $237,000. Finally, Freestate Advisors LLC acquired a new position in shares of iShares AAA CLO Active ETF in the 3rd quarter valued at about $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.