Basso Capital Management L.P. purchased a new position in VanEck AA-BB CLO ETF (NYSEARCA:CLOB – Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 30,167 shares of the company’s stock, valued at approximately $1,520,000.
Several other institutional investors also recently added to or reduced their stakes in CLOB. International Assets Investment Management LLC boosted its position in shares of VanEck AA-BB CLO ETF by 3,614.3% in the third quarter. International Assets Investment Management LLC now owns 100,323 shares of the company’s stock valued at $5,055,000 after acquiring an additional 97,622 shares during the period. Compass Financial Management LLC acquired a new stake in shares of VanEck AA-BB CLO ETF in the second quarter worth $684,000. Ferguson Shapiro LLC grew its stake in shares of VanEck AA-BB CLO ETF by 3.7% in the second quarter. Ferguson Shapiro LLC now owns 8,956 shares of the company’s stock worth $452,000 after acquiring an additional 316 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of VanEck AA-BB CLO ETF by 2,074.2% in the first quarter. NewEdge Advisors LLC now owns 8,697 shares of the company’s stock worth $435,000 after acquiring an additional 8,297 shares during the last quarter. Finally, Royal Bank of Canada increased its position in VanEck AA-BB CLO ETF by 108.2% during the first quarter. Royal Bank of Canada now owns 24,996 shares of the company’s stock worth $1,249,000 after acquiring an additional 12,992 shares during the period.
VanEck AA-BB CLO ETF Stock Up 0.3%
Shares of CLOB stock opened at $50.10 on Thursday. VanEck AA-BB CLO ETF has a 1 year low of $49.28 and a 1 year high of $51.10. The firm’s fifty day simple moving average is $50.29 and its 200 day simple moving average is $50.33.
VanEck AA-BB CLO ETF Profile
The VanEck AA-BB CLO ETF (CLOB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in collateralized loan obligations (CLOs) of any maturity that are rated between AA+ and BB-. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency. CLOB was launched on Sep 24, 2024 and is issued by VanEck.
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