iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Large Volume Increase – Should You Buy?

iShares AAA CLO Active ETF (NASDAQ:CLOA) shares saw unusually-high trading volume on Wednesday . Approximately 478,597 shares traded hands during mid-day trading, an increase of 132% from the previous session’s volume of 206,009 shares.The stock last traded at $51.93 and had previously closed at $51.96.

iShares AAA CLO Active ETF Stock Up 0.1 %

The business’s 50 day simple moving average is $51.83 and its 200-day simple moving average is $51.84.

iShares AAA CLO Active ETF Cuts Dividend

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

Institutional Trading of iShares AAA CLO Active ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Brookstone Capital Management boosted its stake in shares of iShares AAA CLO Active ETF by 3.5% in the 3rd quarter. Brookstone Capital Management now owns 143,924 shares of the company’s stock valued at $7,480,000 after purchasing an additional 4,908 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in iShares AAA CLO Active ETF by 152.3% in the third quarter. JPMorgan Chase & Co. now owns 137,819 shares of the company’s stock worth $7,162,000 after purchasing an additional 83,204 shares in the last quarter. Concourse Financial Group Securities Inc. lifted its position in shares of iShares AAA CLO Active ETF by 4.7% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 74,123 shares of the company’s stock valued at $3,852,000 after acquiring an additional 3,308 shares during the period. Park Avenue Securities LLC raised its holdings in shares of iShares AAA CLO Active ETF by 43.5% during the third quarter. Park Avenue Securities LLC now owns 54,521 shares of the company’s stock valued at $2,833,000 after purchasing an additional 16,524 shares during the period. Finally, Aureus Asset Management LLC boosted its holdings in iShares AAA CLO Active ETF by 482.9% in the third quarter. Aureus Asset Management LLC now owns 48,502 shares of the company’s stock worth $2,521,000 after acquiring an additional 40,181 shares in 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.