iShares AAA CLO Active ETF (NASDAQ:CLOA) Sees Large Volume Increase – Here’s What Happened

iShares AAA CLO Active ETF (NASDAQ:CLOA) shares saw unusually-high trading volume on Monday . Approximately 190,574 shares traded hands during trading, an increase of 124% from the previous session’s volume of 84,900 shares.The stock last traded at $51.83 and had previously closed at $51.82.

iShares AAA CLO Active ETF Trading Up 0.0 %

The business has a fifty day moving average price of $51.82 and a 200 day moving average price of $51.83.

iShares AAA CLO Active ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a dividend of $0.2682 per share. The ex-dividend date was Friday, November 1st.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CLOA. Envestnet Asset Management Inc. acquired a new position in iShares AAA CLO Active ETF during the second quarter worth about $42,734,000. Adams Wealth Management grew its holdings in iShares AAA CLO Active ETF by 19.2% during the first quarter. Adams Wealth Management now owns 190,638 shares of the company’s stock worth $9,862,000 after acquiring an additional 30,645 shares during the period. Commonwealth Equity Services LLC acquired a new position in iShares AAA CLO Active ETF during the second quarter worth about $8,138,000. Pallas Capital Advisors LLC grew its holdings in iShares AAA CLO Active ETF by 16.1% during the second quarter. Pallas Capital Advisors LLC now owns 155,627 shares of the company’s stock worth $8,068,000 after acquiring an additional 21,597 shares during the period. Finally, Brookstone Capital Management grew its holdings in iShares AAA CLO Active ETF by 3.5% during the third quarter. Brookstone Capital Management now owns 143,924 shares of the company’s stock worth $7,480,000 after acquiring an additional 4,908 shares during the period.

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.