iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Large Volume Increase – Here’s Why

iShares AAA CLO Active ETF (NASDAQ:CLOA) saw unusually-high trading volume on Tuesday . Approximately 545,574 shares changed hands during trading, an increase of 63% from the previous session’s volume of 334,709 shares.The stock last traded at $51.7350 and had previously closed at $51.72.

iShares AAA CLO Active ETF Price Performance

The company’s 50-day simple moving average is $51.83 and its two-hundred day simple moving average is $51.84.

iShares AAA CLO Active ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, December 4th. Investors of record on Monday, December 1st will be issued a $0.2148 dividend. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Monday, December 1st.

Institutional Trading of iShares AAA CLO Active ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Landing Point Financial Group LLC grew its stake in shares of iShares AAA CLO Active ETF by 5.7% during the 3rd quarter. Landing Point Financial Group LLC now owns 255,721 shares of the company’s stock valued at $13,289,000 after acquiring an additional 13,761 shares during the period. JPMorgan Chase & Co. boosted its position in shares of iShares AAA CLO Active ETF by 4.0% in the third quarter. JPMorgan Chase & Co. now owns 141,784 shares of the company’s stock worth $7,368,000 after purchasing an additional 5,437 shares during the period. Kickstand Ventures LLC. boosted its position in shares of iShares AAA CLO Active ETF by 10.8% in the third quarter. Kickstand Ventures LLC. now owns 122,483 shares of the company’s stock worth $6,365,000 after purchasing an additional 11,926 shares during the period. Duncan Williams Asset Management LLC purchased a new stake in shares of iShares AAA CLO Active ETF in the second quarter worth $5,740,000. Finally, United Capital Financial Advisors LLC bought a new stake in shares of iShares AAA CLO Active ETF during the 3rd quarter valued at $2,543,000.

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.