Employees Retirement Fund of the City of Fort Worth Purchases New Stake in VanEck CLO ETF $CLOI

Employees Retirement Fund of the City of Fort Worth purchased a new stake in VanEck CLO ETF (NYSEARCA:CLOI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 226,600 shares of the company’s stock, valued at approximately $11,967,000. VanEck CLO ETF comprises 5.4% of Employees Retirement Fund of the City of Fort Worth’s portfolio, making the stock its 7th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new position in VanEck CLO ETF in the fourth quarter valued at about $43,000. NBC Securities Inc. bought a new position in VanEck CLO ETF in the fourth quarter valued at about $61,000. Capital Investment Advisory Services LLC bought a new position in VanEck CLO ETF in the fourth quarter valued at about $68,000. Clear Investment Research LLC bought a new position in VanEck CLO ETF in the third quarter valued at about $89,000. Finally, Sound Income Strategies LLC bought a new position in VanEck CLO ETF in the fourth quarter valued at about $100,000.

VanEck CLO ETF Stock Performance

VanEck CLO ETF stock opened at $52.83 on Thursday. The business’s 50-day simple moving average is $52.75 and its 200 day simple moving average is $52.79. VanEck CLO ETF has a 12-month low of $52.36 and a 12-month high of $53.15.

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.