Ferguson Shapiro LLC Cuts Stock Holdings in VanEck CLO ETF (NYSEARCA:CLOI)

Ferguson Shapiro LLC trimmed its position in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 33.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,665 shares of the company’s stock after selling 48,799 shares during the quarter. VanEck CLO ETF accounts for approximately 1.9% of Ferguson Shapiro LLC’s portfolio, making the stock its 13th largest holding. Ferguson Shapiro LLC owned about 1.58% of VanEck CLO ETF worth $5,101,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. PSI Advisors LLC purchased a new position in shares of VanEck CLO ETF in the 3rd quarter worth about $42,000. FSA Wealth Management LLC purchased a new position in shares of VanEck CLO ETF in the 3rd quarter worth about $53,000. Mattson Financial Services LLC purchased a new position in shares of VanEck CLO ETF in the 2nd quarter worth about $90,000. Raleigh Capital Management Inc. purchased a new position in shares of VanEck CLO ETF in the 3rd quarter worth about $116,000. Finally, Continuum Advisory LLC purchased a new position in shares of VanEck CLO ETF in the 3rd quarter worth about $131,000.

VanEck CLO ETF Price Performance

Shares of NYSEARCA:CLOI opened at $53.15 on Thursday. The company’s 50-day moving average is $52.99 and its 200 day moving average is $52.93. VanEck CLO ETF has a fifty-two week low of $52.28 and a fifty-two week high of $53.21.

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.