iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Strong Trading Volume – Should You Buy?

Shares of iShares AAA CLO Active ETF (NASDAQ:CLOA) saw strong trading volume on Tuesday . 316,658 shares were traded during mid-day trading, an increase of 25% from the previous session’s volume of 252,945 shares.The stock last traded at $51.83 and had previously closed at $51.83.

iShares AAA CLO Active ETF Stock Up 0.0 %

The company’s fifty day simple moving average is $51.84 and its two-hundred day simple moving average is $51.85.

iShares AAA CLO Active ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be issued a $0.2438 dividend. The ex-dividend date of this dividend is Monday, February 3rd.

Hedge Funds Weigh In On iShares AAA CLO Active ETF

Institutional investors have recently modified their holdings of the business. Truist Financial Corp bought a new stake in iShares AAA CLO Active ETF during the 2nd quarter worth approximately $1,223,000. Cetera Investment Advisers bought a new stake in iShares AAA CLO Active ETF in the 2nd quarter valued at approximately $1,937,000. Brookstone Capital Management lifted its position in shares of iShares AAA CLO Active ETF by 3.5% in the third quarter. Brookstone Capital Management now owns 143,924 shares of the company’s stock worth $7,480,000 after purchasing an additional 4,908 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of iShares AAA CLO Active ETF by 71.8% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 19,172 shares of the company’s stock valued at $996,000 after acquiring an additional 8,012 shares during the last quarter. Finally, Freestate Advisors LLC bought a new stake in shares of iShares AAA CLO Active ETF during the 3rd quarter worth approximately $258,000.

iShares AAA CLO Active ETF Company Profile

The BlackRock AAA CLO ETF (CLOA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated CLOs that are rated AAA. CLOA was launched on Jan 10, 2023 and is managed by BlackRock.