Balboa Wealth Partners Takes $336,000 Position in VanEck CLO ETF (NYSEARCA:CLOI)

Balboa Wealth Partners bought a new stake in VanEck CLO ETF (NYSEARCA:CLOI) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 6,326 shares of the company’s stock, valued at approximately $336,000.

Several other institutional investors also recently modified their holdings of the business. Sentinel Pension Advisors Inc. grew its holdings in shares of VanEck CLO ETF by 1.7% in the third quarter. Sentinel Pension Advisors Inc. now owns 12,112 shares of the company’s stock valued at $642,000 after acquiring an additional 206 shares in the last quarter. Beam Wealth Advisors Inc. increased its position in VanEck CLO ETF by 1.7% in the third 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. Truist Financial Corp increased its position in VanEck CLO ETF by 2.2% in the second 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. Ameritas Advisory Services LLC increased its position in VanEck CLO ETF by 7.9% in the second quarter. Ameritas Advisory Services LLC now owns 9,072 shares of the company’s stock worth $480,000 after buying an additional 663 shares during the last quarter. Finally, PSI Advisors LLC purchased a new stake in VanEck CLO ETF in the third quarter worth $42,000.

VanEck CLO ETF Price Performance

NYSEARCA:CLOI opened at $53.00 on Friday. The business has a fifty day simple moving average of $52.92 and a two-hundred day simple moving average of $52.86. VanEck CLO ETF has a 1 year low of $52.06 and a 1 year high of $53.21.

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.