AE Wealth Management LLC Acquires 50,806 Shares of VanEck CLO ETF $CLOI

AE Wealth Management LLC raised its holdings in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 28.8% in the third quarter, Holdings Channel reports. The institutional investor owned 227,004 shares of the company’s stock after buying an additional 50,806 shares during the quarter. AE Wealth Management LLC’s holdings in VanEck CLO ETF were worth $12,054,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its stake in shares of VanEck CLO ETF by 264.4% in the first quarter. NewEdge Advisors LLC now owns 19,673 shares of the company’s stock valued at $1,040,000 after buying an additional 14,275 shares during the period. Bartlett & CO. Wealth Management LLC acquired a new position in shares of VanEck CLO ETF in the 2nd quarter worth approximately $200,000. Ameritas Advisory Services LLC bought a new position in shares of VanEck CLO ETF during the 2nd quarter worth approximately $177,000. Sax Wealth Advisors LLC boosted its stake in VanEck CLO ETF by 1,592.7% in the 2nd quarter. Sax Wealth Advisors LLC now owns 115,680 shares of the company’s stock valued at $6,125,000 after buying an additional 108,846 shares in the last quarter. Finally, Lokken Investment Group LLC grew its position in VanEck CLO ETF by 2.8% in the second quarter. Lokken Investment Group LLC now owns 142,469 shares of the company’s stock valued at $7,544,000 after acquiring an additional 3,888 shares during the period.

VanEck CLO ETF Price Performance

Shares of NYSEARCA CLOI opened at $53.04 on Friday. VanEck CLO ETF has a 52-week low of $50.12 and a 52-week high of $53.20. The business has a fifty day moving average of $52.90 and a two-hundred day moving average of $52.93.

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.