Financial Management Network Inc. Has $2.81 Million Stake in VanEck CLO ETF (NYSEARCA:CLOI)

Financial Management Network Inc. grew its holdings in VanEck CLO ETF (NYSEARCA:CLOI) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 53,146 shares of the company’s stock after purchasing an additional 6,320 shares during the quarter. Financial Management Network Inc. owned about 0.87% of VanEck CLO ETF worth $2,807,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Capital Investment Advisors LLC acquired a new stake in VanEck CLO ETF in the 3rd quarter worth $32,074,000. Gradient Investments LLC increased its stake in VanEck CLO ETF by 139.0% during the second quarter. Gradient Investments LLC now owns 223,416 shares of the company’s stock valued at $11,828,000 after acquiring an additional 129,925 shares during the period. WealthPlan Investment Management LLC raised its holdings in VanEck CLO ETF by 20.0% in the 1st quarter. WealthPlan Investment Management LLC now owns 201,538 shares of the company’s stock valued at $10,645,000 after acquiring an additional 33,581 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in VanEck CLO ETF in the 2nd quarter valued at approximately $10,260,000. Finally, WealthPLAN Partners LLC lifted its position in shares of VanEck CLO ETF by 2.3% in the 2nd quarter. WealthPLAN Partners LLC now owns 147,741 shares of the company’s stock worth $7,821,000 after acquiring an additional 3,318 shares during the period.

VanEck CLO ETF Stock Performance

Shares of CLOI traded up $0.02 on Friday, reaching $53.01. 3,114 shares of the stock traded hands, compared to its average volume of 78,970. The stock’s 50-day moving average price is $52.91 and its 200-day moving average price is $52.84. VanEck CLO ETF has a 12 month low of $51.88 and a 12 month high of $53.14.

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.