Redhawk Wealth Advisors Inc. Buys Shares of 944,012 VanEck CLO ETF (NYSEARCA:CLOI)

Redhawk Wealth Advisors Inc. purchased a new position in shares of VanEck CLO ETF (NYSEARCA:CLOI) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 944,012 shares of the company’s stock, valued at approximately $49,816,000. VanEck CLO ETF accounts for about 6.7% of Redhawk Wealth Advisors Inc.’s holdings, making the stock its biggest position. Redhawk Wealth Advisors Inc. owned 0.15% of VanEck CLO ETF as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. PSI Advisors LLC purchased a new stake in VanEck CLO ETF during the third quarter valued at about $42,000. FSA Wealth Management LLC purchased a new position in shares of VanEck CLO ETF in the third quarter worth about $53,000. Mattson Financial Services LLC bought a new stake in shares of VanEck CLO ETF in the second quarter valued at approximately $90,000. Raleigh Capital Management Inc. purchased a new stake in shares of VanEck CLO ETF during the 3rd quarter valued at approximately $116,000. Finally, Continuum Advisory LLC bought a new position in VanEck CLO ETF in the 3rd quarter worth approximately $131,000.

VanEck CLO ETF Trading Up 0.0 %

VanEck CLO ETF stock opened at $52.96 on Thursday. The firm has a 50 day simple moving average of $52.97 and a 200 day simple moving average of $52.91. VanEck CLO ETF has a 1-year low of $52.28 and a 1-year high of $53.21.

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.