HighTower Advisors LLC Has $16.69 Million Stock Position in VanEck CLO ETF $CLOI

HighTower Advisors LLC boosted its holdings in VanEck CLO ETF (NYSEARCA:CLOI) by 4.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 314,332 shares of the company’s stock after purchasing an additional 12,619 shares during the period. HighTower Advisors LLC’s holdings in VanEck CLO ETF were worth $16,691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. CWM LLC grew its stake in shares of VanEck CLO ETF by 177.6% in the third quarter. CWM LLC now owns 705 shares of the company’s stock worth $37,000 after acquiring an additional 451 shares during the last quarter. Private Trust Co. NA bought a new stake in VanEck CLO ETF in the 2nd quarter valued at $66,000. Ascension Capital Advisors Inc. acquired a new stake in VanEck CLO ETF in the 2nd quarter worth $214,000. Discipline Wealth Solutions LLC acquired a new stake in VanEck CLO ETF in the 3rd quarter worth $259,000. Finally, Arkadios Wealth Advisors increased its holdings in shares of VanEck CLO ETF by 4.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 5,244 shares of the company’s stock worth $278,000 after purchasing an additional 243 shares during the period.

VanEck CLO ETF Trading Up 0.1%

NYSEARCA CLOI opened at $52.95 on Friday. The firm has a 50-day simple moving average of $52.90 and a 200 day simple moving average of $52.92. VanEck CLO ETF has a twelve month low of $50.12 and a twelve month high of $53.15.

VanEck CLO ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a $0.2334 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%.

About VanEck CLO ETF

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.