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

Shares of iShares AAA CLO Active ETF (NASDAQ:CLOA) saw unusually-high trading volume on Monday . Approximately 173,046 shares were traded during trading, an increase of 48% from the previous session’s volume of 116,604 shares.The stock last traded at $51.80 and had previously closed at $51.81.

iShares AAA CLO Active ETF Price Performance

The firm has a 50 day moving average price of $51.81 and a 200 day moving average price of $51.83.

iShares AAA CLO Active ETF Cuts Dividend

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

Hedge Funds Weigh In On iShares AAA CLO Active ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CLOA. Invst LLC bought a new stake in iShares AAA CLO Active ETF in the 2nd quarter valued at $576,000. SigFig Wealth Management LLC bought a new position in shares of iShares AAA CLO Active ETF during the 2nd quarter valued at approximately $237,000. Chris Bulman Inc bought a new stake in shares of iShares AAA CLO Active ETF in the 2nd quarter worth about $147,000. Cetera Investment Advisers bought a new stake in iShares AAA CLO Active ETF in the second quarter worth about $1,937,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in iShares AAA CLO Active ETF by 71.8% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 19,172 shares of the company’s stock valued at $996,000 after acquiring an additional 8,012 shares during the last quarter.

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.