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

iShares AAA CLO Active ETF (NASDAQ:CLOA) saw unusually-strong trading volume on Tuesday . Approximately 486,475 shares changed hands during mid-day trading, an increase of 256% from the previous session’s volume of 136,780 shares.The stock last traded at $51.70 and had previously closed at $51.73.

iShares AAA CLO Active ETF Stock Performance

The company’s 50-day simple moving average is $51.87 and its 200-day simple moving average is $51.85.

iShares AAA CLO Active ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.2195 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Investors Weigh In On iShares AAA CLO Active ETF

Several hedge funds have recently modified their holdings of CLOA. JPMorgan Chase & Co. grew its stake in shares of iShares AAA CLO Active ETF by 152.3% during the third quarter. JPMorgan Chase & Co. now owns 137,819 shares of the company’s stock valued at $7,162,000 after acquiring an additional 83,204 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of iShares AAA CLO Active ETF by 45.7% during the third quarter. First Horizon Advisors Inc. now owns 1,690 shares of the company’s stock valued at $88,000 after acquiring an additional 530 shares during the period. PSI Advisors LLC lifted its holdings in iShares AAA CLO Active ETF by 76.2% in the 4th quarter. PSI Advisors LLC now owns 916 shares of the company’s stock valued at $47,000 after acquiring an additional 396 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of iShares AAA CLO Active ETF during the 4th quarter valued at $26,000. Finally, IFP Advisors Inc increased its position in shares of iShares AAA CLO Active ETF by 1.3% in the fourth quarter. IFP Advisors Inc now owns 14,876 shares of the company’s stock worth $770,000 after acquiring an additional 194 shares in the last quarter.

iShares AAA CLO Active ETF Company Profile

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.