SFG Wealth Management LLC. Has $1.45 Million Stock Position in VanEck CLO ETF (NYSEARCA:CLOI)

SFG Wealth Management LLC. decreased its position in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 9.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,503 shares of the company’s stock after selling 2,742 shares during the quarter. VanEck CLO ETF makes up approximately 0.8% of SFG Wealth Management LLC.’s holdings, making the stock its 22nd largest holding. SFG Wealth Management LLC.’s holdings in VanEck CLO ETF were worth $1,451,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in VanEck CLO ETF by 156.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 69,298 shares of the company’s stock valued at $3,669,000 after purchasing an additional 42,296 shares during the period. Insigneo Advisory Services LLC bought a new stake in shares of VanEck CLO ETF during the second quarter worth approximately $222,000. Sunbelt Securities Inc. acquired a new position in VanEck CLO ETF in the second quarter valued at approximately $276,000. Truist Financial Corp boosted its stake in VanEck CLO ETF by 2.2% in the second quarter. Truist Financial Corp now owns 26,629 shares of the company’s stock valued at $1,410,000 after acquiring an additional 584 shares during the last quarter. Finally, Heritage Oak Wealth Advisors LLC acquired a new stake in VanEck CLO ETF during the 2nd quarter worth $2,043,000.

VanEck CLO ETF Trading Up 0.2 %

Shares of VanEck CLO ETF stock opened at $53.01 on Monday. The firm has a fifty day moving average of $52.97 and a two-hundred day moving average of $52.92. VanEck CLO ETF has a 52 week low of $52.28 and a 52 week 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.