Western Wealth Management LLC Has $3.24 Million Holdings in VanEck CLO ETF $CLOI

Western Wealth Management LLC grew its holdings in VanEck CLO ETF (NYSEARCA:CLOI) by 84.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,476 shares of the company’s stock after purchasing an additional 28,172 shares during the quarter. Western Wealth Management LLC owned approximately 0.25% of VanEck CLO ETF worth $3,240,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CLOI. Fifth Third Bancorp bought a new stake in shares of VanEck CLO ETF during the first quarter worth approximately $32,000. Wells Fargo & Company MN bought a new position in VanEck CLO ETF in the fourth quarter valued at approximately $37,000. Raleigh Capital Management Inc. bought a new position in VanEck CLO ETF in the fourth quarter valued at approximately $43,000. NBC Securities Inc. acquired a new stake in VanEck CLO ETF during the 4th quarter worth $61,000. Finally, Capital Investment Advisory Services LLC acquired a new stake in VanEck CLO ETF during the 4th quarter worth $68,000.

VanEck CLO ETF Trading Down 0.1%

Shares of VanEck CLO ETF stock opened at $52.99 on Friday. The firm has a fifty day moving average of $52.87 and a two-hundred day moving average of $52.79. VanEck CLO ETF has a 52 week low of $52.36 and a 52 week high of $53.15.

VanEck CLO ETF 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.