iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Unusually-High Trading Volume – Time to Buy?

iShares AAA CLO Active ETF (NASDAQ:CLOA) shares saw an uptick in trading volume on Wednesday . 478,597 shares traded hands during trading, an increase of 132% from the previous session’s volume of 206,009 shares.The stock last traded at $51.93 and had previously closed at $51.96.

iShares AAA CLO Active ETF Trading Up 0.1 %

The stock has a fifty day moving average of $51.83 and a 200 day moving average of $51.84.

iShares AAA CLO Active ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.2447 dividend. The ex-dividend date of this dividend was Wednesday, December 18th.

Institutional Investors Weigh In On iShares AAA CLO Active ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. PSI Advisors LLC increased its stake in iShares AAA CLO Active ETF by 76.2% during the 4th quarter. PSI Advisors LLC now owns 916 shares of the company’s stock worth $47,000 after buying an additional 396 shares during the period. First Horizon Advisors Inc. raised its position in iShares AAA CLO Active ETF by 45.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,690 shares of the company’s stock valued at $88,000 after purchasing an additional 530 shares during the last quarter. Freestate Advisors LLC purchased a new position in shares of iShares AAA CLO Active ETF during the third quarter worth about $258,000. High Falls Advisors Inc acquired a new position in shares of iShares AAA CLO Active ETF in the second quarter valued at approximately $512,000. Finally, Invst LLC purchased a new stake in shares of iShares AAA CLO Active ETF in the second quarter valued at about $576,000.

About iShares AAA CLO Active ETF

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.