944,012 Shares in VanEck CLO ETF (NYSEARCA:CLOI) Bought by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. purchased a new stake in VanEck CLO ETF (NYSEARCA:CLOI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 944,012 shares of the company’s stock, valued at approximately $49,816,000. VanEck CLO ETF makes up about 6.7% of Redhawk Wealth Advisors Inc.’s investment portfolio, making the stock its largest holding. Redhawk Wealth Advisors Inc. owned 15.48% of VanEck CLO ETF as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CLOI. PSI Advisors LLC bought a new position in shares of VanEck CLO ETF in the 3rd quarter worth $42,000. FSA Wealth Management LLC acquired a new position in VanEck CLO ETF during the third quarter worth $53,000. Mattson Financial Services LLC bought a new position in shares of VanEck CLO ETF in the second quarter valued at $90,000. Raleigh Capital Management Inc. acquired a new position in shares of VanEck CLO ETF during the third quarter valued at about $116,000. Finally, Continuum Advisory LLC acquired a new position in shares of VanEck CLO ETF during the third quarter valued at about $131,000.

VanEck CLO ETF Stock Performance

CLOI opened at $52.96 on Thursday. VanEck CLO ETF has a fifty-two week low of $52.28 and a fifty-two week high of $53.21. The company’s 50-day moving average is $52.97 and its 200 day moving average is $52.91.

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.