SFG Wealth Management LLC. Buys Shares of 30,245 VanEck CLO ETF (NYSEARCA:CLOI)

SFG Wealth Management LLC. purchased a new stake in shares of VanEck CLO ETF (NYSEARCA:CLOI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 30,245 shares of the company’s stock, valued at approximately $1,604,000. VanEck CLO ETF accounts for approximately 0.9% of SFG Wealth Management LLC.’s investment portfolio, making the stock its 23rd biggest holding. SFG Wealth Management LLC. owned 0.50% of VanEck CLO ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC lifted its position in VanEck CLO ETF by 36.8% during the third quarter. Private Advisor Group LLC now owns 13,879 shares of the company’s stock valued at $736,000 after purchasing an additional 3,735 shares in the last quarter. Gradient Investments LLC lifted its position in shares of VanEck CLO ETF by 139.0% during the 2nd quarter. Gradient Investments LLC now owns 223,416 shares of the company’s stock valued at $11,828,000 after buying an additional 129,925 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of VanEck CLO ETF by 156.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 69,298 shares of the company’s stock valued at $3,669,000 after acquiring an additional 42,296 shares during the period. WealthPLAN Partners LLC increased its holdings in VanEck CLO ETF by 5.3% in the 1st quarter. WealthPLAN Partners LLC now owns 144,423 shares of the company’s stock worth $7,629,000 after acquiring an additional 7,288 shares in the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new stake in VanEck CLO ETF in the 2nd quarter worth approximately $1,413,000.

VanEck CLO ETF Price Performance

NYSEARCA:CLOI traded up $0.05 during trading hours on Friday, hitting $52.94. 61,131 shares of the stock traded hands, compared to its average volume of 82,440. VanEck CLO ETF has a 1 year low of $51.88 and a 1 year high of $53.21. The stock has a 50 day moving average price of $52.91 and a 200 day moving average price of $52.86.

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.