9,172 Shares in VanEck CLO ETF (NYSEARCA:CLOI) Purchased by Independence Asset Advisors LLC

Independence Asset Advisors LLC purchased a new position in VanEck CLO ETF (NYSEARCA:CLOI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,172 shares of the company’s stock, valued at approximately $484,000. VanEck CLO ETF makes up 2.2% of Independence Asset Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Independence Asset Advisors LLC owned approximately 0.15% of VanEck CLO ETF at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Sentinel Pension Advisors Inc. raised its position in VanEck CLO ETF by 1.7% in the 3rd quarter. Sentinel Pension Advisors Inc. now owns 12,112 shares of the company’s stock worth $642,000 after buying an additional 206 shares during the last quarter. Beam Wealth Advisors Inc. raised its position in VanEck CLO ETF by 1.7% in the 3rd quarter. Beam Wealth Advisors Inc. now owns 13,196 shares of the company’s stock worth $700,000 after buying an additional 223 shares during the last quarter. Strategic Blueprint LLC raised its position in VanEck CLO ETF by 3.3% in the 4th quarter. Strategic Blueprint LLC now owns 7,624 shares of the company’s stock worth $402,000 after buying an additional 243 shares during the last quarter. Sheets Smith Wealth Management raised its position in VanEck CLO ETF by 12.5% in the 4th quarter. Sheets Smith Wealth Management now owns 4,500 shares of the company’s stock worth $237,000 after buying an additional 500 shares during the last quarter. Finally, Truist Financial Corp raised its position in VanEck CLO ETF by 2.2% in the 2nd quarter. Truist Financial Corp now owns 26,629 shares of the company’s stock worth $1,410,000 after buying an additional 584 shares during the last quarter.

VanEck CLO ETF Price Performance

Shares of NYSEARCA:CLOI opened at $53.00 on Friday. VanEck CLO ETF has a fifty-two week low of $52.30 and a fifty-two week high of $53.21. The business has a 50-day simple moving average of $52.98 and a two-hundred day simple moving average of $52.94.

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.