Independence Asset Advisors LLC Acquires New Position in VanEck CLO ETF (NYSEARCA:CLOI)

Independence Asset Advisors LLC acquired a new stake in shares of VanEck CLO ETF (NYSEARCA:CLOI) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 9,172 shares of the company’s stock, valued at approximately $484,000. VanEck CLO ETF comprises 2.2% of Independence Asset Advisors LLC’s portfolio, making the stock its 7th largest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CLOI. Truist Financial Corp boosted its stake in VanEck CLO ETF by 2.2% in the 2nd quarter. Truist Financial Corp now owns 26,629 shares of the company’s stock worth $1,410,000 after purchasing an additional 584 shares during the period. Beaumont Financial Advisors LLC boosted its position in shares of VanEck CLO ETF by 2.3% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 142,279 shares of the company’s stock valued at $7,546,000 after acquiring an additional 3,201 shares during the last quarter. TAP Consulting LLC boosted its position in shares of VanEck CLO ETF by 24.8% during the 3rd quarter. TAP Consulting LLC now owns 22,884 shares of the company’s stock valued at $1,214,000 after acquiring an additional 4,552 shares during the last quarter. Ferguson Shapiro LLC boosted its position in shares of VanEck CLO ETF by 27.5% during the 3rd quarter. Ferguson Shapiro LLC now owns 145,464 shares of the company’s stock valued at $7,715,000 after acquiring an additional 31,335 shares during the last quarter. Finally, VitalStone Financial LLC boosted its position in shares of VanEck CLO ETF by 9.2% during the 3rd quarter. VitalStone Financial LLC now owns 96,168 shares of the company’s stock valued at $5,101,000 after acquiring an additional 8,062 shares during the last quarter.

VanEck CLO ETF Trading Down 0.0 %

NYSEARCA CLOI opened at $53.00 on Friday. VanEck CLO ETF has a one year low of $52.30 and a one year high of $53.21. The stock has a 50 day moving average price of $52.98 and a 200-day moving average price of $52.94.

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.