Sax Wealth Advisors LLC Increases Stock Holdings in VanEck CLO ETF $CLOI

Sax Wealth Advisors LLC grew its position in VanEck CLO ETF (NYSEARCA:CLOI) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 400,699 shares of the company’s stock after buying an additional 40,627 shares during the period. VanEck CLO ETF accounts for approximately 0.8% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 25th largest position. Sax Wealth Advisors LLC owned 1.46% of VanEck CLO ETF worth $21,117,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Breakwater Capital Group raised its position in shares of VanEck CLO ETF by 18.1% during the 2nd quarter. Breakwater Capital Group now owns 38,688 shares of the company’s stock valued at $2,049,000 after buying an additional 5,943 shares during the period. Gradient Investments LLC lifted its stake in shares of VanEck CLO ETF by 2.6% in the 2nd quarter. Gradient Investments LLC now owns 275,289 shares of the company’s stock valued at $14,577,000 after purchasing an additional 6,992 shares during the last quarter. Balefire LLC grew its holdings in shares of VanEck CLO ETF by 88.9% during the 2nd quarter. Balefire LLC now owns 30,289 shares of the company’s stock worth $1,604,000 after purchasing an additional 14,255 shares during the period. Dynamic Advisor Solutions LLC increased its position in shares of VanEck CLO ETF by 39.2% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 13,932 shares of the company’s stock worth $738,000 after purchasing an additional 3,922 shares during the last quarter. Finally, CoreCap Advisors LLC increased its position in shares of VanEck CLO ETF by 18,981.4% during the 2nd quarter. CoreCap Advisors LLC now owns 125,174 shares of the company’s stock worth $6,628,000 after purchasing an additional 124,518 shares during the last quarter.

VanEck CLO ETF Stock Up 0.1%

NYSEARCA CLOI opened at $52.84 on Friday. The firm’s 50-day moving average is $52.85 and its two-hundred day 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.