Iams Wealth Management LLC Buys Shares of 10,620 VanEck CLO ETF (NYSEARCA:CLOI)

Iams Wealth Management LLC bought a new position in VanEck CLO ETF (NYSEARCA:CLOI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 10,620 shares of the company’s stock, valued at approximately $560,000. Iams Wealth Management LLC owned about 0.17% of VanEck CLO ETF as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sentinel Pension Advisors Inc. raised its stake in 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 purchasing an additional 206 shares during the period. Beam Wealth Advisors Inc. lifted its holdings 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 valued at $700,000 after acquiring an additional 223 shares during the last quarter. Sheets Smith Wealth Management grew its position in VanEck CLO ETF by 12.5% in the fourth quarter. Sheets Smith Wealth Management now owns 4,500 shares of the company’s stock worth $237,000 after acquiring an additional 500 shares during the period. Truist Financial Corp increased its stake in VanEck CLO ETF by 2.2% during the second quarter. Truist Financial Corp now owns 26,629 shares of the company’s stock worth $1,410,000 after acquiring an additional 584 shares during the last quarter. Finally, PSI Advisors LLC purchased a new stake in VanEck CLO ETF in the third quarter valued at $42,000.

VanEck CLO ETF Trading Up 0.2 %

NYSEARCA CLOI opened at $53.15 on Wednesday. The stock has a fifty day simple moving average of $52.98 and a 200-day simple moving average of $52.93. VanEck CLO ETF has a twelve month low of $52.28 and a twelve month high of $53.21.

About VanEck CLO ETF

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.