Capital Investment Advisors LLC Buys 321,765 Shares of VanEck CLO ETF (NYSEARCA:CLOI)

Capital Investment Advisors LLC raised its stake in VanEck CLO ETF (NYSEARCA:CLOI) by 53.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 926,487 shares of the company’s stock after buying an additional 321,765 shares during the period. VanEck CLO ETF comprises about 1.0% of Capital Investment Advisors LLC’s investment portfolio, making the stock its 28th biggest position. Capital Investment Advisors LLC owned 0.15% of VanEck CLO ETF worth $48,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sentinel Pension Advisors Inc. raised its stake in shares of VanEck CLO ETF by 1.7% during the third quarter. Sentinel Pension Advisors Inc. now owns 12,112 shares of the company’s stock worth $642,000 after acquiring an additional 206 shares in the last quarter. Beam Wealth Advisors Inc. lifted its stake in VanEck CLO ETF by 1.7% in the third quarter. Beam Wealth Advisors Inc. now owns 13,196 shares of the company’s stock worth $700,000 after purchasing an additional 223 shares during the last quarter. Truist Financial Corp boosted its position in VanEck CLO ETF by 2.2% during the second quarter. Truist Financial Corp now owns 26,629 shares of the company’s stock valued at $1,410,000 after buying an additional 584 shares during the period. PSI Advisors LLC bought a new position in shares of VanEck CLO ETF during the third quarter valued at about $42,000. Finally, Freedom Investment Management Inc. grew its position in VanEck CLO ETF by 4.1% during the 3rd quarter. Freedom Investment Management Inc. now owns 20,468 shares of the company’s stock worth $1,086,000 after acquiring an additional 815 shares during the last quarter.

VanEck CLO ETF Stock Up 0.1 %

Shares of VanEck CLO ETF stock traded up $0.04 on Monday, hitting $52.91. The stock had a trading volume of 19,938 shares, compared to its average volume of 243,214. VanEck CLO ETF has a one year low of $52.28 and a one year high of $53.21. The stock’s 50-day simple moving average is $52.97 and its two-hundred day simple moving average is $52.91.

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.