Trademark Financial Management LLC cut its stake in VanEck CLO ETF (NYSEARCA:CLOI – Free Report) by 15.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,766 shares of the company’s stock after selling 13,880 shares during the quarter. VanEck CLO ETF makes up approximately 2.0% of Trademark Financial Management LLC’s investment portfolio, making the stock its 15th largest position. Trademark Financial Management LLC owned approximately 0.31% of VanEck CLO ETF worth $4,098,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Pinebridge Investments LLC purchased a new position in shares of VanEck CLO ETF during the 4th quarter valued at approximately $31,530,000. LPL Financial LLC boosted its holdings in VanEck CLO ETF by 26.1% during the fourth quarter. LPL Financial LLC now owns 2,027,584 shares of the company’s stock worth $107,077,000 after buying an additional 419,749 shares in the last quarter. Independence Asset Advisors LLC grew its position in VanEck CLO ETF by 17.2% during the first quarter. Independence Asset Advisors LLC now owns 1,863,451 shares of the company’s stock valued at $98,203,000 after buying an additional 273,532 shares during the period. Axxcess Wealth Management LLC acquired a new stake in VanEck CLO ETF during the fourth quarter valued at $13,582,000. Finally, Darwin Wealth Management LLC purchased a new position in VanEck CLO ETF in the second quarter valued at $13,048,000.
VanEck CLO ETF Stock Up 0.0%
CLOI opened at $52.78 on Friday. The company has a fifty day moving average of $52.85 and a two-hundred day moving average of $52.80. VanEck CLO ETF has a fifty-two week low of $52.36 and a fifty-two week 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.
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