ProCore Advisors LLC Invests $1.08 Million in VanEck CLO ETF $CLOI

ProCore Advisors LLC purchased a new position in shares of VanEck CLO ETF (NYSEARCA:CLOI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,481 shares of the company’s stock, valued at approximately $1,082,000. VanEck CLO ETF makes up approximately 1.1% of ProCore Advisors LLC’s holdings, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in CLOI. Raleigh Capital Management Inc. purchased a new position in shares of VanEck CLO ETF in the 4th quarter valued at $43,000. Portside Wealth Group LLC increased its holdings in shares of VanEck CLO ETF by 5.5% in the 4th quarter. Portside Wealth Group LLC now owns 6,593 shares of the company’s stock valued at $348,000 after acquiring an additional 345 shares during the period. Sound Income Strategies LLC purchased a new position in shares of VanEck CLO ETF in the 4th quarter valued at $100,000. Sugar Maple Asset Management LLC increased its holdings in shares of VanEck CLO ETF by 3.2% in the 4th quarter. Sugar Maple Asset Management LLC now owns 77,553 shares of the company’s stock valued at $4,096,000 after acquiring an additional 2,434 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of VanEck CLO ETF in the 4th quarter valued at $237,000.

VanEck CLO ETF Stock Performance

Shares of NYSEARCA:CLOI opened at $52.50 on Wednesday. VanEck CLO ETF has a 12-month low of $51.11 and a 12-month high of $53.15. The business’s fifty day simple moving average is $52.72 and its 200-day simple moving average is $52.85.

VanEck CLO ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.2002 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, March 2nd.

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.