iShares AAA CLO Active ETF (NASDAQ:CLOA) Sets New 1-Year Low – Here’s What Happened

iShares AAA CLO Active ETF (NASDAQ:CLOAGet Free Report)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $51.42 and last traded at $51.50, with a volume of 73895 shares. The stock had previously closed at $51.59.

iShares AAA CLO Active ETF Price Performance

The company’s 50 day simple moving average is $51.82 and its 200 day simple moving average is $51.83.

iShares AAA CLO Active ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, April 4th. Investors of record on Tuesday, April 1st will be paid a $0.2462 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.95 dividend on an annualized basis and a yield of 5.74%.

Institutional Investors Weigh In On iShares AAA CLO Active ETF

Large investors have recently modified their holdings of the company. Cary Street Partners Financial LLC purchased a new position in iShares AAA CLO Active ETF in the fourth quarter valued at $1,631,000. Concourse Financial Group Securities Inc. raised its position in shares of iShares AAA CLO Active ETF by 13.0% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 83,782 shares of the company’s stock worth $4,349,000 after acquiring an additional 9,659 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of iShares AAA CLO Active ETF during the 4th quarter worth about $26,000. IFP Advisors Inc lifted its stake in iShares AAA CLO Active ETF by 1.3% during the fourth quarter. IFP Advisors Inc now owns 14,876 shares of the company’s stock worth $770,000 after purchasing an additional 194 shares during the last quarter. Finally, PSI Advisors LLC boosted its holdings in iShares AAA CLO Active ETF by 76.2% in the fourth quarter. PSI Advisors LLC now owns 916 shares of the company’s stock valued at $47,000 after purchasing an additional 396 shares in the last quarter.

iShares AAA CLO Active ETF Company Profile

(Get Free Report)

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.

Further Reading

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