Mutual Advisors LLC Acquires 3,050 Shares of VanEck CLO ETF (NYSEARCA:CLOI)

Mutual Advisors LLC increased its stake in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 15.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,685 shares of the company’s stock after buying an additional 3,050 shares during the quarter. Mutual Advisors LLC’s holdings in VanEck CLO ETF were worth $1,201,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Sheets Smith Wealth Management increased its stake 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 valued at $237,000 after acquiring an additional 500 shares during the last quarter. Beaumont Financial Advisors LLC raised its holdings in VanEck CLO ETF by 50.9% in the 4th quarter. Beaumont Financial Advisors LLC now owns 214,635 shares of the company’s stock valued at $11,326,000 after buying an additional 72,356 shares during the last quarter. Sugar Maple Asset Management LLC raised its stake in shares of VanEck CLO ETF by 546.6% during the fourth quarter. Sugar Maple Asset Management LLC now owns 62,529 shares of the company’s stock valued at $3,300,000 after acquiring an additional 52,859 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of VanEck CLO ETF during the fourth quarter valued at $537,000. Finally, Arkadios Wealth Advisors lifted its holdings in VanEck CLO ETF by 29.8% during the 4th quarter. Arkadios Wealth Advisors now owns 7,439 shares of the company’s stock worth $393,000 after buying an additional 1,708 shares during the period.

VanEck CLO ETF Stock Performance

Shares of CLOI opened at $53.11 on Friday. VanEck CLO ETF has a 1 year low of $52.28 and a 1 year high of $53.21. The business has a 50-day moving average of $52.98 and a 200-day moving average of $52.92.

VanEck CLO ETF Profile

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.