NewEdge Wealth LLC Has $4.55 Million Position in BondBloxx Private Credit CLO ETF $PCMM

NewEdge Wealth LLC raised its stake in BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) by 28.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,695 shares of the company’s stock after acquiring an additional 19,864 shares during the period. NewEdge Wealth LLC owned approximately 2.65% of BondBloxx Private Credit CLO ETF worth $4,547,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. acquired a new stake in shares of BondBloxx Private Credit CLO ETF during the 2nd quarter worth $711,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in BondBloxx Private Credit CLO ETF by 16.8% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,949 shares of the company’s stock worth $451,000 after purchasing an additional 1,287 shares during the period. Foundations Investment Advisors LLC grew its stake in BondBloxx Private Credit CLO ETF by 7.5% during the second quarter. Foundations Investment Advisors LLC now owns 22,933 shares of the company’s stock worth $1,155,000 after buying an additional 1,601 shares in the last quarter. Inspire Advisors LLC acquired a new stake in BondBloxx Private Credit CLO ETF during the second quarter worth about $1,979,000. Finally, Weaver Consulting Group bought a new position in BondBloxx Private Credit CLO ETF in the 2nd quarter valued at about $413,000.

BondBloxx Private Credit CLO ETF Stock Up 0.4%

Shares of BondBloxx Private Credit CLO ETF stock opened at $50.49 on Friday. The company has a 50 day moving average of $50.25 and a 200-day moving average of $50.34. BondBloxx Private Credit CLO ETF has a 1-year low of $48.38 and a 1-year high of $52.02.

BondBloxx Private Credit CLO ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.2648 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Monday, February 2nd.

About BondBloxx Private Credit CLO ETF

The BondBloxx Private Credit CLO ETF (PCMM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that seeks capital preservation and current income. The fund invests in a pool of loans to private, middle market companies PCMM was launched on Dec 2, 2024 and is issued by BondBloxx.