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

Shares of iShares AAA CLO Active ETF (NASDAQ:CLOA) saw an uptick in trading volume on Wednesday . 205,431 shares were traded during trading, an increase of 16% from the previous session’s volume of 177,643 shares.The stock last traded at $51.89 and had previously closed at $51.86.

iShares AAA CLO Active ETF Stock Up 0.0 %

The business has a 50 day moving average of $51.82 and a 200 day moving average of $51.83.

iShares AAA CLO Active ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.2447 per share. The ex-dividend date was Wednesday, December 18th.

Hedge Funds Weigh In On iShares AAA CLO Active ETF

Institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. purchased a new position in shares of iShares AAA CLO Active ETF during the 2nd quarter worth approximately $42,734,000. Brookstone Capital Management boosted its position in shares of iShares AAA CLO Active ETF by 3.5% during the third quarter. Brookstone Capital Management now owns 143,924 shares of the company’s stock valued at $7,480,000 after purchasing an additional 4,908 shares in the last quarter. JPMorgan Chase & Co. grew its stake in iShares AAA CLO Active ETF by 152.3% in the third quarter. JPMorgan Chase & Co. now owns 137,819 shares of the company’s stock worth $7,162,000 after purchasing an additional 83,204 shares during the period. Concourse Financial Group Securities Inc. raised its holdings in iShares AAA CLO Active ETF by 4.7% in the third quarter. Concourse Financial Group Securities Inc. now owns 74,123 shares of the company’s stock worth $3,852,000 after purchasing an additional 3,308 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in iShares AAA CLO Active ETF by 43.5% during the third quarter. Park Avenue Securities LLC now owns 54,521 shares of the company’s stock valued at $2,833,000 after buying an additional 16,524 shares during the period.

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.