WESPAC Advisors LLC Buys New Stake in VanEck CLO ETF $CLOI

WESPAC Advisors LLC bought a new position in shares of VanEck CLO ETF (NYSEARCA:CLOI) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 10,367 shares of the company’s stock, valued at approximately $549,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CLOI. Capital Investment Advisors LLC acquired a new stake in VanEck CLO ETF during the third quarter worth approximately $100,933,000. Independence Asset Advisors LLC boosted its holdings in shares of VanEck CLO ETF by 17.2% in the 1st 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 in the last quarter. Gradient Investments LLC acquired a new position in shares of VanEck CLO ETF in the 3rd quarter valued at $14,470,000. Sax Wealth Advisors LLC boosted its holdings in shares of VanEck CLO ETF by 40.3% in the 3rd quarter. Sax Wealth Advisors LLC now owns 562,168 shares of the company’s stock valued at $29,778,000 after buying an additional 161,469 shares in the last quarter. Finally, Alpha Zero LLC purchased a new position in shares of VanEck CLO ETF in the 1st quarter valued at $8,341,000.

VanEck CLO ETF Stock Up 0.1%

NYSEARCA CLOI opened at $52.94 on Tuesday. The firm’s fifty day moving average price is $52.89 and its 200 day moving average price is $52.82. VanEck CLO ETF has a 12 month low of $52.36 and a 12 month high of $53.10.

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.