Sax Wealth Advisors LLC Acquires 150,449 Shares of VanEck CLO ETF $CLOI

Sax Wealth Advisors LLC boosted its holdings in VanEck CLO ETF (NYSEARCA:CLOI) by 130.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 266,129 shares of the company’s stock after purchasing an additional 150,449 shares during the quarter. VanEck CLO ETF comprises 0.8% of Sax Wealth Advisors LLC’s portfolio, making the stock its 26th largest position. Sax Wealth Advisors LLC’s holdings in VanEck CLO ETF were worth $14,131,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. CWM LLC boosted its position in shares of VanEck CLO ETF by 177.6% in the 3rd quarter. CWM LLC now owns 705 shares of the company’s stock worth $37,000 after purchasing an additional 451 shares in the last quarter. Private Trust Co. NA purchased a new position in VanEck CLO ETF during the second quarter valued at $66,000. Mattson Financial Services LLC raised its stake in VanEck CLO ETF by 17.8% during the first quarter. Mattson Financial Services LLC now owns 2,905 shares of the company’s stock valued at $153,000 after buying an additional 440 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in VanEck CLO ETF in the second quarter worth $177,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new stake in shares of VanEck CLO ETF in the second quarter worth $200,000.

VanEck CLO ETF Stock Performance

Shares of NYSEARCA:CLOI opened at $52.82 on Wednesday. The business has a fifty day moving average price of $52.92 and a 200-day moving average price of $52.93. VanEck CLO ETF has a 1-year low of $50.12 and a 1-year high of $53.20.

VanEck CLO ETF Company 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. CLOI was launched on Jun 21, 2022 and is managed by VanEck.