Kestra Advisory Services LLC Purchases 17,116 Shares of VanEck CLO ETF $CLOI

Kestra Advisory Services LLC grew its position in VanEck CLO ETF (NYSEARCA:CLOI) by 23.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 89,872 shares of the company’s stock after purchasing an additional 17,116 shares during the period. Kestra Advisory Services LLC’s holdings in VanEck CLO ETF were worth $4,761,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CLOI. Fifth Third Bancorp purchased a new stake in shares of VanEck CLO ETF during the first quarter valued at approximately $32,000. FAS Wealth Partners Inc. boosted its holdings in shares of VanEck CLO ETF by 38.8% in the 1st quarter. FAS Wealth Partners Inc. now owns 2,389 shares of the company’s stock worth $126,000 after buying an additional 668 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its position in VanEck CLO ETF by 15.9% during the second quarter. Redhawk Wealth Advisors Inc. now owns 5,603 shares of the company’s stock valued at $297,000 after buying an additional 768 shares during the period. Ascension Capital Advisors Inc. grew its position in VanEck CLO ETF by 19.5% during the first quarter. Ascension Capital Advisors Inc. now owns 4,780 shares of the company’s stock valued at $252,000 after buying an additional 781 shares during the period. Finally, Waverly Advisors LLC raised its position in VanEck CLO ETF by 4.8% in the second quarter. Waverly Advisors LLC now owns 19,869 shares of the company’s stock worth $1,052,000 after acquiring an additional 909 shares during the period.

VanEck CLO ETF Stock Performance

Shares of CLOI stock opened at $52.86 on Friday. The company has a 50 day moving average of $52.88 and a 200-day moving average of $52.82. VanEck CLO ETF has a 12-month low of $52.36 and a 12-month high of $53.07.

About VanEck CLO ETF

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.