Trademark Financial Management LLC Has $3.72 Million Stake in VanEck CLO ETF (NYSEARCA:CLOI)

Trademark Financial Management LLC increased its stake in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 194.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,523 shares of the company’s stock after buying an additional 46,543 shares during the quarter. VanEck CLO ETF comprises approximately 3.0% of Trademark Financial Management LLC’s holdings, making the stock its 9th largest position. Trademark Financial Management LLC owned 1.16% of VanEck CLO ETF worth $3,721,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Beam Wealth Advisors Inc. grew its stake in VanEck CLO ETF by 1.7% during the 3rd quarter. Beam Wealth Advisors Inc. now owns 13,196 shares of the company’s stock worth $700,000 after buying an additional 223 shares during the last quarter. Strategic Blueprint LLC grew its stake in shares of VanEck CLO ETF by 3.3% in the fourth quarter. Strategic Blueprint LLC now owns 7,624 shares of the company’s stock worth $402,000 after purchasing an additional 243 shares in the last quarter. Sheets Smith Wealth Management grew its stake in shares of 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 purchasing an additional 500 shares in the last quarter. PSI Advisors LLC bought a new position in shares of VanEck CLO ETF in the third quarter worth $42,000. Finally, TFB Advisors LLC grew its stake in shares of VanEck CLO ETF by 16.5% in the fourth quarter. TFB Advisors LLC now owns 5,542 shares of the company’s stock worth $292,000 after purchasing an additional 785 shares in the last quarter.

VanEck CLO ETF Price Performance

NYSEARCA:CLOI opened at $53.04 on Friday. VanEck CLO ETF has a 1 year low of $52.33 and a 1 year high of $53.21. The business has a fifty day moving average of $52.98 and a 200-day moving average of $52.94.

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.